£40,446
This estimated value is based upon the latest sale price for the house of £21,450 on 13 Dec 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
| Price Paid | Date |
|---|---|
| £21,450 | 13 Dec 2004 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 2004 the House Price Index for GREATER MANCHESTER was 78.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.564%.Applying this 88.564% change to the original purchase price of £21,450 results in an estimated price of approximately £40,446.
| 13 Dec 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.8 | 148.6 | 88.564 % | £21,450 | £18,996 | £40,446 |
The Postcode Pricing Model uses changes in average sales price within the M12 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 | 110.297 % | £23,658 | £45,108 |
| 3 Month Average | 151.507 % | £32,498 | £53,948 |
| 6 Month Average | 159.040 % | £34,114 | £55,564 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £177,267 | £175,000 | 16 EDLIN CLOSE |
| 25 Jan 2023 | £184,133 | £185,000 | 31 SOUTH STREET |
| 2 Aug 2022 | £64,826 | £65,000 | 72 KINGFISHER CLOSE |
| 29 Jul 2022 | £150,405 | £150,000 | 86 MARTINDALE CRESCENT |
| 13 Jun 2022 | £172,437 | £170,000 | 4 BERIGAN CLOSE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 24 Mar 2014. Using an estimated price of £40,447 means this house is valued at £444 per sq meter (£41 per sq foot).
The average size of a house on COCHRANE AVENUE is 138 sq meters (1,487 sq feet).