£57,170
This estimated value is based upon the latest sale price for the house of £20,000 on 19 Jun 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £20,000 | 19 Jun 2002 |
| Terraced |
| Leasehold |
| Floor Area: 62 sq meters or 667 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 June 2002 the House Price Index for GREATER MANCHESTER was 52.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 185.852%.Applying this 185.852% change to the original purchase price of £20,000 results in an estimated price of approximately £57,170.
| 19 Jun 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 52.0 | 148.6 | 185.852 % | £20,000 | £37,170 | £57,170 |
The Postcode Pricing Model uses changes in average sales price within the BL2 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 | 244.234 % | £48,846 | £68,846 |
| 3 Month Average | 261.930 % | £52,385 | £72,385 |
| 6 Month Average | 260.173 % | £52,034 | £72,034 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £86,277 | £85,000 | 34 MOORFIELD GROVE |
| 1 Nov 2023 | £113,683 | £112,000 | 172 TONGE MOOR ROAD |
| 29 Jun 2023 | £126,533 | £125,000 | 23 PEGAMOID STREET |
| 20 Feb 2023 | £100,932 | £101,000 | 62 MOORFIELD GROVE |
| 31 Aug 2022 | £84,772 | £85,000 | 257 TONGE MOOR ROAD |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 12 Jul 2013. Using an estimated price of £57,170 means this house is valued at £922 per sq meter (£85 per sq foot).
The average size of a house on MOORFIELD GROVE is 67 sq meters (729 sq feet).