£321
This estimated value is based upon the latest sale price for the house of £275 on 9 Nov 2020. 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 |
|---|---|
| £275 | 9 Nov 2020 |
| Freehold |
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 2020 the House Price Index for GREATER MANCHESTER was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £275 results in an estimated price of approximately £321.
| 9 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £275 | £46 | £321 |
The Postcode Pricing Model uses changes in average sales price within the M23 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 | 43.306 % | £119 | £394 |
| 3 Month Average | 31.913 % | £87 | £362 |
| 6 Month Average | 32.647 % | £89 | £364 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Oct 2023 | £226,648 | £221,500 | 44 CHERINGTON CLOSE |
| 25 Apr 2023 | £254,765 | £250,000 | 153 YEW TREE LANE |
| 12 Jan 2022 | £275,652 | £260,000 | 163 YEW TREE LANE |
| 28 Oct 2021 | £187,264 | £168,000 | 2 ROWDELL WALK |
| 16 Sep 2021 | £264,879 | £244,000 | 21 CHERINGTON CLOSE |