£172,512
This estimated value is based upon the latest sale price for the house of £140,000 on 26 May 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £140,000 | 26 May 2020 |
| £150,000 | 23 Feb 2007 |
| £52,900 | 15 Oct 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 58 sq meters or 624 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 May 2020 the House Price Index for GREATER MANCHESTER was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £140,000 results in an estimated price of approximately £172,512.
| 26 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £140,000 | £32,512 | £172,512 |
The Postcode Pricing Model uses changes in average sales price within the SK16 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 | 9.041 % | £12,657 | £152,657 |
| 3 Month Average | 40.254 % | £56,355 | £196,355 |
| 6 Month Average | 30.766 % | £43,073 | £183,073 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £209,318 | £207,500 | 19 HOLLY GROVE |
| 14 Mar 2023 | £193,227 | £190,000 | 56 CUMBERLAND AVENUE |
| 21 Feb 2023 | £201,345 | £200,000 | 22 CUMBERLAND AVENUE |
| 25 May 2022 | £222,086 | £216,300 | 38 WESTMORLAND AVENUE |
| 7 Jan 2022 | £230,063 | £217,000 | 48 WESTMORLAND AVENUE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 16 Jan 2020. Using an estimated price of £172,513 means this house is valued at £2,974 per sq meter (£276 per sq foot).
The average size of a house on CUMBERLAND AVENUE is 69 sq meters (752 sq feet).