£375,848
This estimated value is based upon the latest sale price for the house of £302,000 on 29 Mar 2019. 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 |
|---|---|
| £302,000 | 29 Mar 2019 |
| £204,000 | 21 Dec 2012 |
| £190,000 | 10 May 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 March 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.453%.Applying this 24.453% change to the original purchase price of £302,000 results in an estimated price of approximately £375,848.
| 29 Mar 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.453 % | £302,000 | £73,848 | £375,848 |
The Postcode Pricing Model uses changes in average sales price within the M20 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 | 5.561 % | £16,795 | £318,795 |
| 3 Month Average | 10.888 % | £32,880 | £334,880 |
| 6 Month Average | 20.424 % | £61,681 | £363,681 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £358,508 | £353,000 | 41 MERSTON DRIVE |
| 29 Jul 2022 | £429,302 | £425,000 | 16 MERSTON DRIVE |
| 22 Apr 2022 | £352,723 | £340,000 | 904 KINGSWAY |
| 24 Mar 2022 | £417,573 | £400,000 | 933 KINGSWAY |
| 12 Jan 2022 | £296,856 | £280,000 | 919 KINGSWAY |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 15 Feb 2011. Using an estimated price of £375,849 means this house is valued at £3,956 per sq meter (£367 per sq foot).
The average size of a house on MERSTON DRIVE is 106 sq meters (1,148 sq feet).