£99,794
This estimated value is based upon the latest sale price for the house of £59,000 on 14 Dec 2012. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £59,000 | 14 Dec 2012 |
| Semi-Detached |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 2012 the House Price Index for GREATER MANCHESTER was 87.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.144%.Applying this 69.144% change to the original purchase price of £59,000 results in an estimated price of approximately £99,794.
| 14 Dec 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 148.6 | 69.144 % | £59,000 | £40,794 | £99,794 |
The Postcode Pricing Model uses changes in average sales price within the SK14 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 | 101.525 % | £59,899 | £118,899 |
| 3 Month Average | 70.737 % | £41,735 | £100,735 |
| 6 Month Average | 73.403 % | £43,308 | £102,308 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £148,448 | £146,250 | 1 RINGWOOD AVENUE |
| 22 Mar 2023 | £211,997 | £210,000 | 17 HINTON GROVE |
| 4 Jul 2022 | £245,661 | £245,000 | WILLOW VIEW, 126 MOTTRAM OLD ROAD |
| 1 Jul 2022 | £266,718 | £266,000 | 193 GRANGE ROAD SOUTH |
| 2 Dec 2021 | £128,565 | £120,000 | 1 TYRRELL GROVE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 29 Aug 2012. Using an estimated price of £99,795 means this house is valued at £1,882 per sq meter (£174 per sq foot).
The average size of a house on RINGWOOD AVENUE is 78 sq meters (841 sq feet).
This house is the smallest in the street with a floor area of 53 sq meters (570 sq feet).