£182,306
This estimated value is based upon the latest sale price for the house of £140,000 on 13 Apr 2017. 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 | 13 Apr 2017 |
| £118,000 | 12 Dec 2013 |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 April 2017 the House Price Index for GREATER MANCHESTER was 115.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.219%.Applying this 30.219% change to the original purchase price of £140,000 results in an estimated price of approximately £182,306.
| 13 Apr 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 149.7 | 30.219 % | £140,000 | £42,306 | £182,306 |
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 | 8.934 % | £12,507 | £152,507 |
| 3 Month Average | 45.139 % | £63,193 | £203,193 |
| 6 Month Average | 47.086 % | £65,920 | £205,920 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Oct 2023 | £240,461 | £235,000 | 71 FORBES ROAD |
| 30 Oct 2023 | £221,531 | £216,500 | 14 THE QUADRANT |
| 29 Sep 2023 | £200,929 | £196,500 | 95 FORBES ROAD |
| 31 Aug 2023 | £248,482 | £244,000 | 22 THE QUADRANT |
| 30 Aug 2023 | £339,116 | £333,000 | 2 TINTERN GROVE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 16 Aug 2013. Using an estimated price of £182,307 means this house is valued at £3,089 per sq meter (£287 per sq foot).
The average size of a house on THE QUADRANT is 67 sq meters (728 sq feet).