£75,569
This estimated value is based upon the latest sale price for the house of £15,000 on 1 Aug 1997. 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 |
|---|---|
| £15,000 | 1 Aug 1997 |
| £25,000 | 30 Jan 1995 |
| Terraced |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 August 1997 the House Price Index for GREATER MANCHESTER was 29.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 403.797%.Applying this 403.797% change to the original purchase price of £15,000 results in an estimated price of approximately £75,569.
| 1 Aug 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.5 | 148.6 | 403.797 % | £15,000 | £60,569 | £75,569 |
The Postcode Pricing Model uses changes in average sales price within the M8 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 | 819.494 % | £122,924 | £137,924 |
| 3 Month Average | 703.326 % | £105,498 | £120,498 |
| 6 Month Average | 679.750 % | £101,962 | £116,962 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £223,306 | £220,000 | 157 SMEDLEY ROAD |
| 14 Aug 2023 | £206,809 | £205,000 | 63 SMEDLEY LANE |
| 4 Jul 2023 | £185,497 | £183,000 | 6 LICHFIELD DRIVE |
| 24 Jan 2023 | £142,330 | £143,000 | 60 CHIME BANK |
| 21 Oct 2022 | £38,585 | £39,000 | 26 CHIME BANK |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 17 Dec 2015. Using an estimated price of £75,570 means this house is valued at £604 per sq meter (£56 per sq foot).
The average size of a house on WOODLANDS ROAD is 110 sq meters (1,191 sq feet).