£138,266
This estimated value is based upon the latest sale price for the house of £117,000 on 29 Oct 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £117,000 | 29 Oct 2020 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 2020 the House Price Index for GREATER MANCHESTER was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £117,000 results in an estimated price of approximately £138,266.
| 29 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £117,000 | £21,266 | £138,266 |
The Postcode Pricing Model uses changes in average sales price within the SK15 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 | 23.463 % | £27,451 | £144,451 |
| 3 Month Average | 16.463 % | £19,261 | £136,261 |
| 6 Month Average | 10.217 % | £11,954 | £128,954 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £145,000 | £145,000 | 10 LAKE ROAD |
| 15 Dec 2023 | £123,804 | £120,000 | 112 SPRINGS LANE |
| 1 Dec 2023 | £154,755 | £150,000 | 4 STEPHENS ROAD |
| 17 Nov 2023 | £153,907 | £150,000 | 5 GLENT VIEW |
| 15 Sep 2023 | £176,388 | £172,500 | 183 SPRINGS LANE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 11 Jun 2012. Using an estimated price of £138,267 means this house is valued at £1,894 per sq meter (£175 per sq foot).
The average size of a house on MERESIDE is 80 sq meters (861 sq feet).