£231,447
This estimated value is based upon the latest sale price for the house of £189,999 on 3 Jul 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £189,999 | 3 Jul 2020 |
| £125,000 | 2 Oct 2017 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 818 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 July 2020 the House Price Index for GREATER MANCHESTER was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £189,999 results in an estimated price of approximately £231,447.
| 3 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 149.7 | 21.815 % | £189,999 | £41,448 | £231,447 |
The Postcode Pricing Model uses changes in average sales price within the SK1 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 | 36.468 % | £69,287 | £259,286 |
| 3 Month Average | 27.643 % | £52,521 | £242,520 |
| 6 Month Average | 21.778 % | £41,378 | £231,377 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £164,466 | £161,500 | 12 VERNON AVENUE |
| 15 Aug 2023 | £195,527 | £192,000 | 2 VERNON AVENUE |
| 23 Jun 2023 | £206,641 | £202,500 | 21 HANSON MEWS |
| 12 Jun 2023 | £260,215 | £255,000 | 44 TAMWORTH STREET |
| 11 Apr 2023 | £229,289 | £225,000 | 55 CARRINGTON ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 13 Sep 2017. Using an estimated price of £231,448 means this house is valued at £3,045 per sq meter (£282 per sq foot).
The average size of a house on VERNON AVENUE is 80 sq meters (863 sq feet).