£294,688
This estimated value is based upon the latest sale price for the house of £189,952 on 19 Nov 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£189,952 | 19 Nov 2007 |
Terraced |
Leasehold |
Floor Area: 72 sq meters or 780 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 2007 the House Price Index for GREATER MANCHESTER was 95.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.138%.Applying this 55.138% change to the original purchase price of £189,952 results in an estimated price of approximately £294,688.
19 Nov 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.8 | 148.6 | 55.138 % | £189,952 | £104,736 | £294,688 |
The Postcode Pricing Model uses changes in average sales price within the BL9 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 | 106.969 % | £203,188 | £393,140 |
3 Month Average | 60.268 % | £114,479 | £304,431 |
6 Month Average | 52.323 % | £99,388 | £289,340 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £111,425 | £110,000 | 18 VALLEY MILL LANE |
30 Aug 2023 | £90,794 | £90,000 | 52 VALLEY MILL LANE |
22 Aug 2023 | £84,237 | £83,500 | 100 VALLEY MILL LANE |
11 Jul 2023 | £99,337 | £98,000 | 19 VALLEY MILL LANE |
6 Feb 2023 | £155,895 | £156,000 | 15 VALLEY MILL LANE |
This house has a floor area of 72 sq meters or 780 sq feet when measured on 24 Sep 2009. Using an estimated price of £294,688 means this house is valued at £4,063 per sq meter (£377 per sq foot).
The average size of a house on VALLEY MILL LANE is 75 sq meters (815 sq feet).