£217,438
This estimated value is based upon the latest sale price for the house of £175,000 on 18 Jul 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£175,000 | 18 Jul 2019 |
Detached |
Leasehold |
Floor Area: 79 sq meters or 850 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 July 2019 the House Price Index for GREATER MANCHESTER was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £175,000 results in an estimated price of approximately £217,438.
18 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.5 | 149.7 | 24.250 % | £175,000 | £42,438 | £217,438 |
The Postcode Pricing Model uses changes in average sales price within the OL10 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 | 58.253 % | £101,943 | £276,943 |
3 Month Average | 21.378 % | £37,411 | £212,411 |
6 Month Average | 37.504 % | £65,632 | £240,632 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Apr 2024 | £161,402 | £160,000 | 24 KELTY GROVE |
16 Jun 2023 | £171,436 | £168,000 | 18 KINROSS AVENUE |
8 Jul 2022 | £159,599 | £158,000 | 63C SUTHERLAND ROAD |
31 May 2022 | £199,189 | £194,000 | 24 KIRKWALL WAY |
22 Apr 2022 | £171,175 | £165,000 | 17 KELTY GROVE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 19 Dec 2014. Using an estimated price of £217,438 means this house is valued at £2,752 per sq meter (£255 per sq foot).
The average size of a house on KINROSS AVENUE is 75 sq meters (817 sq feet).