£193,139
This estimated value is based upon the latest sale price for the house of £155,000 on 7 Aug 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £155,000 | 7 Aug 2018 |
| £105,000 | 24 Feb 2006 |
| £84,000 | 26 Jan 2004 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 August 2018 the House Price Index for GREATER MANCHESTER was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £155,000 results in an estimated price of approximately £193,139.
| 7 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £155,000 | £38,139 | £193,139 |
The Postcode Pricing Model uses changes in average sales price within the SK2 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 | -8.881 % | £-13,765 | £141,234 |
| 3 Month Average | 22.220 % | £34,440 | £189,440 |
| 6 Month Average | 28.220 % | £43,740 | £198,740 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £223,165 | £217,500 | 12 WHALLEY ROAD |
| 27 Nov 2023 | £312,944 | £305,000 | 8 KNYPERSLEY AVENUE |
| 24 Oct 2023 | £138,137 | £135,000 | 446 HEMPSHAW LANE |
| 5 Sep 2023 | £80,525 | £78,750 | 37 DIALSTONE LANE |
| 27 Jan 2023 | £205,549 | £205,000 | 8 DIALSTONE LANE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 22 Feb 2018. Using an estimated price of £193,139 means this house is valued at £1,893 per sq meter (£175 per sq foot).
The average size of a house on HEMPSHAW LANE is 89 sq meters (966 sq feet).