£341,627
This estimated value is based upon the latest sale price for the house of £275,000 on 11 May 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £275,000 | 11 May 2018 |
| £115,000 | 19 Dec 2003 |
| £105,000 | 18 Dec 2002 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 May 2018 the House Price Index for GREATER MANCHESTER was 119.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 24.228%.Applying this 24.228% change to the original purchase price of £275,000 results in an estimated price of approximately £341,627.
| 11 May 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.0 | 24.228 % | £275,000 | £66,627 | £341,627 |
The Postcode Pricing Model uses changes in average sales price within the SK4 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 | -46.686 % | £-128,387 | £146,612 |
| 3 Month Average | 8.145 % | £22,397 | £297,397 |
| 6 Month Average | 23.376 % | £64,284 | £339,284 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Apr 2023 | £120,899 | £120,000 | 24 GRASMERE AVENUE |
| 14 Apr 2023 | £221,647 | £220,000 | 88 BROADSTONE HALL ROAD SOUTH |
| 17 Mar 2023 | £296,603 | £295,000 | 40 MELLING AVENUE |
| 24 Feb 2023 | £298,588 | £300,000 | 10 BURNSIDE AVENUE |
| 6 Feb 2023 | £383,188 | £385,000 | 15 MARTON GROVE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 1 May 2018. Using an estimated price of £341,628 means this house is valued at £3,634 per sq meter (£337 per sq foot).
The average size of a house on MELLING AVENUE is 87 sq meters (943 sq feet).