£125,779
This estimated value is based upon the latest sale price for the house of £120,000 on 5 Jan 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £120,000 | 5 Jan 2022 |
| £98,000 | 6 Jul 2007 |
| £51,000 | 22 Aug 2003 |
| £40,000 | 1 Mar 2002 |
| £23,500 | 8 Jun 2001 |
| £17,390 | 10 Jan 2001 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 January 2022 the House Price Index for GREATER MANCHESTER was 141.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.816%.Applying this 4.816% change to the original purchase price of £120,000 results in an estimated price of approximately £125,779.
| 5 Jan 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.0 | 4.816 % | £120,000 | £5,779 | £125,779 |
The Postcode Pricing Model uses changes in average sales price within the SK15 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 | -26.632 % | £-31,958 | £88,041 |
| 3 Month Average | -15.929 % | £-19,115 | £100,884 |
| 6 Month Average | -2.480 % | £-2,975 | £117,024 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2023 | £141,048 | £140,000 | 10 RIDGE HILL LANE |
| 12 Apr 2023 | £112,839 | £112,000 | 16 VICTORIA STREET |
| 3 Apr 2023 | £136,011 | £135,000 | 48 HANOVER STREET |
| 31 Mar 2023 | £165,897 | £165,000 | 1 ST WINIFREDS PLACE |
| 24 Mar 2023 | £135,734 | £135,000 | 15 HANOVER STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 25 Jan 2013. Using an estimated price of £125,779 means this house is valued at £1,822 per sq meter (£169 per sq foot).
The average size of a house on RIDGE HILL LANE is 95 sq meters (1,025 sq feet).