£330,894
This estimated value is based upon the latest sale price for the house of £280,000 on 23 Oct 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
Price Paid | Date |
---|---|
£280,000 | 23 Oct 2020 |
£182,000 | 31 Jul 2008 |
£138,500 | 27 Feb 2004 |
£76,450 | 16 Dec 1999 |
£54,000 | 14 Sep 1995 |
Terraced |
Freehold |
Floor Area: 65 sq meters or 699 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 October 2020 the House Price Index for GREATER MANCHESTER was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £280,000 results in an estimated price of approximately £330,894.
23 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
126.7 | 149.7 | 18.177 % | £280,000 | £50,894 | £330,894 |
The Postcode Pricing Model uses changes in average sales price within the M33 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 | 12.516 % | £35,045 | £315,045 |
3 Month Average | 11.410 % | £31,949 | £311,949 |
6 Month Average | 9.267 % | £25,947 | £305,947 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Sep 2023 | £423,332 | £414,000 | 55 HOPE ROAD |
14 Jul 2022 | £333,340 | £330,000 | 1 ERA STREET |
30 May 2022 | £490,273 | £477,500 | 33 HOPE ROAD |
29 Oct 2021 | £317,681 | £285,000 | 9 ERA STREET |
28 Oct 2021 | £697,783 | £626,000 | FLAT 1 2 HOLMEFIELD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 11 Sep 2020. Using an estimated price of £330,895 means this house is valued at £5,090 per sq meter (£472 per sq foot).
The average size of a house on ERA STREET is 71 sq meters (772 sq feet).