£49,723
This estimated value is based upon the latest sale price for the house of £31,000 on 29 Nov 2013. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £31,000 | 29 Nov 2013 |
| £50,000 | 13 Jul 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 44 sq meters or 483 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 November 2013 the House Price Index for GREATER MANCHESTER was 91.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 60.398%.Applying this 60.398% change to the original purchase price of £31,000 results in an estimated price of approximately £49,723.
| 29 Nov 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.5 | 146.7 | 60.398 % | £31,000 | £18,723 | £49,723 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 78.064 % | £24,199 | £55,199 |
| 3 Month Average | 26.311 % | £8,156 | £39,156 |
| 6 Month Average | 46.453 % | £14,400 | £45,400 |
This house has a floor area of 44 sq meters or 483 sq feet when measured on 28 Jan 2011.
The average size of a house on TOWER GROVE is 48 sq meters (522 sq feet).