£115,246
This estimated value is based upon the latest sale price for the house of £91,000 on 18 Dec 2017. 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 |
|---|---|
| £91,000 | 18 Dec 2017 |
| £67,000 | 3 Sep 2010 |
| Terraced |
| Freehold |
| Floor Area: 62 sq meters or 677 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 December 2017 the House Price Index for GREATER MANCHESTER was 118.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.645%.Applying this 26.645% change to the original purchase price of £91,000 results in an estimated price of approximately £115,246.
| 18 Dec 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 149.7 | 26.645 % | £91,000 | £24,246 | £115,246 |
The Postcode Pricing Model uses changes in average sales price within the M9 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 | 78.347 % | £71,296 | £162,296 |
| 3 Month Average | 39.929 % | £36,335 | £127,335 |
| 6 Month Average | 47.791 % | £43,489 | £134,489 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Aug 2024 | £168,000 | £168,000 | 25 MELVERLEY ROAD |
| 10 Jun 2024 | £155,000 | £155,000 | 3 BRYNFORD AVENUE |
| 13 Oct 2023 | £163,718 | £160,000 | 7 CUDWORTH ROAD |
| 6 Oct 2023 | £256,833 | £251,000 | 431 VICTORIA AVENUE |
| 18 Sep 2023 | £255,635 | £250,000 | 512 VICTORIA AVENUE |
This house has a floor area of 62 sq meters or 677 sq feet when measured on 31 May 2010. Using an estimated price of £115,247 means this house is valued at £1,830 per sq meter (£170 per sq foot).
The average size of a house on MELVERLEY ROAD is 64 sq meters (692 sq feet).