£250,522
This estimated value is based upon the latest sale price for the house of £245,000 on 8 Sep 2023. 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 |
|---|---|
| £245,000 | 8 Sep 2023 |
| Semi-Detached |
| 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 September 2023 the House Price Index for GREATER MANCHESTER was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £245,000 results in an estimated price of approximately £250,522.
| 8 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £245,000 | £5,522 | £250,522 |
The Postcode Pricing Model uses changes in average sales price within the M20 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 | 50.866 % | £124,622 | £369,622 |
| 3 Month Average | 14.548 % | £35,643 | £280,643 |
| 6 Month Average | -8.916 % | £-21,843 | £223,156 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2024 | £253,000 | £253,000 | 11 NEWSTEAD AVENUE |
| 28 Sep 2023 | £300,627 | £294,000 | 2 FERNHURST ROAD |
| 8 Sep 2023 | £250,523 | £245,000 | 6 NEWSTEAD AVENUE |
| 31 Aug 2023 | £269,867 | £265,000 | 222 PARRS WOOD ROAD |
| 30 Jun 2023 | £433,691 | £425,000 | 138 PARRS WOOD ROAD |