£240,822
This estimated value is based upon the latest sale price for the house of £160,000 on 12 Sep 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £160,000 | 12 Sep 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 September 2014 the House Price Index for GREATER MANCHESTER was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £160,000 results in an estimated price of approximately £240,822.
| 12 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £160,000 | £80,822 | £240,822 |
The Postcode Pricing Model uses changes in average sales price within the SK3 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 | 13.161 % | £21,057 | £181,057 |
| 3 Month Average | 58.910 % | £94,256 | £254,256 |
| 6 Month Average | 55.875 % | £89,399 | £249,399 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £229,007 | £225,000 | 8 BIRCHFIELD ROAD |
| 15 Dec 2023 | £229,007 | £225,000 | 48 BIRCHFIELD ROAD |
| 17 Nov 2023 | £208,081 | £205,000 | 16 ELM ROAD SOUTH |
| 26 Sep 2023 | £217,785 | £215,000 | 7 ELM ROAD SOUTH |
| 14 Aug 2023 | £242,118 | £240,000 | 5 BIRCHFIELD ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 20 May 2014. Using an estimated price of £240,822 means this house is valued at £2,736 per sq meter (£254 per sq foot).
The average size of a house on ELM ROAD SOUTH is 88 sq meters (947 sq feet).