£255,711
This estimated value is based upon the latest sale price for the house of £160,296 on 28 Feb 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
| Price Paid | Date |
|---|---|
| £160,296 | 28 Feb 2014 |
| Detached |
| Leasehold |
| Floor Area: 100 sq meters or 1,076 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 February 2014 the House Price Index for GREATER MANCHESTER was 93.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.525%.Applying this 59.525% change to the original purchase price of £160,296 results in an estimated price of approximately £255,711.
| 28 Feb 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 149.7 | 59.525 % | £160,296 | £95,415 | £255,711 |
The Postcode Pricing Model uses changes in average sales price within the M11 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 | 125.802 % | £201,654 | £361,950 |
| 3 Month Average | 122.280 % | £196,010 | £356,306 |
| 6 Month Average | 104.382 % | £167,319 | £327,615 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £246,251 | £240,000 | 43 METCOMBE WAY |
| 25 Nov 2022 | £223,953 | £225,000 | 18 METCOMBE WAY |
| 8 Jul 2022 | £252,530 | £250,000 | 4 METCOMBE WAY |
| 28 Sep 2021 | £325,665 | £299,995 | 52 METCOMBE WAY |
| 27 Sep 2021 | £211,686 | £195,000 | 77 METCOMBE WAY |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 19 Feb 2014. Using an estimated price of £255,712 means this house is valued at £2,557 per sq meter (£237 per sq foot).
The average size of a house on METCOMBE WAY is 80 sq meters (870 sq feet).