£71,645
This estimated value is based upon the latest sale price for the house of £47,500 on 24 Nov 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £47,500 | 24 Nov 2014 |
| £36,250 | 28 Sep 2001 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 November 2014 the House Price Index for GREATER MANCHESTER was 99.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.833%.Applying this 50.833% change to the original purchase price of £47,500 results in an estimated price of approximately £71,645.
| 24 Nov 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 149.7 | 50.833 % | £47,500 | £24,145 | £71,645 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 68.260 % | £32,423 | £79,923 |
| 3 Month Average | 53.557 % | £25,439 | £72,939 |
| 6 Month Average | 54.678 % | £25,971 | £73,471 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £123,904 | £122,000 | 12 MELROSE AVENUE |
| 24 Nov 2023 | £141,081 | £137,500 | 79 ABBEY LANE |
| 27 Oct 2023 | £138,137 | £135,000 | 27 MELROSE AVENUE |
| 31 Aug 2023 | £147,663 | £145,000 | 1 WHALLEY GROVE |
| 9 Aug 2023 | £112,020 | £110,000 | 23 MELROSE AVENUE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 14 Aug 2014. Using an estimated price of £71,645 means this house is valued at £1,023 per sq meter (£95 per sq foot).
The average size of a house on MELROSE AVENUE is 73 sq meters (790 sq feet).