£248,647
This estimated value is based upon the latest sale price for the house of £243,000 on 20 Oct 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £243,000 | 20 Oct 2023 |
| £181,000 | 3 May 2019 |
| £119,950 | 14 Oct 2016 |
| Terraced |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 October 2023 the House Price Index for GREATER MANCHESTER was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £243,000 results in an estimated price of approximately £248,647.
| 20 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £243,000 | £5,647 | £248,647 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | 16.438 % | £39,945 | £282,945 |
| 3 Month Average | 0.592 % | £1,438 | £244,438 |
| 6 Month Average | -7.359 % | £-17,882 | £225,117 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jun 2024 | £215,000 | £215,000 | 27 FOVANT CRESCENT |
| 3 May 2024 | £150,000 | £150,000 | 80 FOVANT CRESCENT |
| 20 Dec 2023 | £161,977 | £157,000 | 40 FINSBURY ROAD |
| 18 Dec 2023 | £149,081 | £144,500 | 32 FINSBURY ROAD |
| 20 Oct 2023 | £248,647 | £243,000 | 51 FOVANT CRESCENT |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 22 Jun 2016. Using an estimated price of £248,647 means this house is valued at £3,360 per sq meter (£312 per sq foot).
The average size of a house on FOVANT CRESCENT is 72 sq meters (778 sq feet).