£209,977
This estimated value is based upon the latest sale price for the house of £162,000 on 15 Mar 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £162,000 | 15 Mar 2017 |
| £85,500 | 5 Mar 2014 |
| Semi-Detached |
| Leasehold |
| Floor Area: 126 sq meters or 1,356 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 2017 the House Price Index for GREATER MANCHESTER was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £162,000 results in an estimated price of approximately £209,977.
| 15 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 148.6 | 29.616 % | £162,000 | £47,977 | £209,977 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | -5.439 % | £-8,811 | £153,188 |
| 3 Month Average | 31.745 % | £51,426 | £213,426 |
| 6 Month Average | 33.209 % | £53,798 | £215,798 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £163,419 | £161,000 | 12 SPINNING MEADOW |
| 27 Sep 2023 | £506,476 | £500,000 | 7 GASKELL STREET |
| 22 Sep 2023 | £172,202 | £170,000 | 25 SPINNING MEADOW |
| 18 Sep 2023 | £151,943 | £150,000 | 30 SPINNING MEADOW |
| 8 Sep 2023 | £113,451 | £112,000 | 37 SPINNING MEADOW |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 26 Sep 2016. Using an estimated price of £209,978 means this house is valued at £1,666 per sq meter (£154 per sq foot).
The average size of a house on SPINNING MEADOW is 71 sq meters (764 sq feet).
This house is the largest in the street with a floor area of 126 sq meters (1,356 sq feet).