£405,180
This estimated value is based upon the latest sale price for the house of £400,000 on 1 Sep 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £400,000 | 1 Sep 2023 |
| £170,000 | 18 Jul 2003 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER MANCHESTER to estimate the market value.
When this house was purchased in September 2023 the House Price Index for GREATER MANCHESTER was 146.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.295%.Applying this 1.295% change to the original purchase price of £400,000 results in an estimated price of approximately £405,180.
| 1 Sep 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 148.6 | 1.295 % | £400,000 | £5,180 | £405,180 |
The Postcode Pricing Model uses changes in average sales price within the SK2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 46.917 % | £187,667 | £587,667 |
| 3 Month Average | 7.533 % | £30,130 | £430,130 |
| 6 Month Average | 13.235 % | £52,938 | £452,938 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £405,181 | £400,000 | 24 HILLCREST ROAD |
| 4 Aug 2023 | £433,795 | £430,000 | 16 HILLCREST ROAD |
| 9 Nov 2022 | £163,025 | £165,000 | 9 MILLINER COURT |
| 30 Sep 2022 | £186,494 | £188,000 | 2 MORETON WALK |
| 24 Jun 2022 | £380,375 | £375,000 | 36 MARPLE ROAD |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 14 Aug 2019. Using an estimated price of £405,181 means this house is valued at £3,617 per sq meter (£336 per sq foot).
The average size of a house on HILLCREST ROAD is 112 sq meters (1,210 sq feet).