£186,735
This estimated value is based upon the latest sale price for the house of £180,000 on 8 Apr 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £180,000 | 8 Apr 2022 |
| £121,000 | 29 Sep 2006 |
| £88,000 | 26 Mar 2004 |
| £79,950 | 10 Oct 2003 |
| £36,500 | 9 Jun 1998 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 April 2022 the House Price Index for GREATER MANCHESTER was 144.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.742%.Applying this 3.742% change to the original purchase price of £180,000 results in an estimated price of approximately £186,735.
| 8 Apr 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 149.7 | 3.742 % | £180,000 | £6,735 | £186,735 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | 41.120 % | £74,015 | £254,015 |
| 3 Month Average | 3.535 % | £6,362 | £186,362 |
| 6 Month Average | 18.185 % | £32,733 | £212,733 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Sep 2024 | £160,000 | £160,000 | 36 NEWARK ROAD |
| 12 Apr 2024 | £297,584 | £295,000 | 21 FAIRFORD WAY |
| 13 Oct 2023 | £246,601 | £241,000 | 9 ALDERLEY ROAD |
| 11 Oct 2023 | £204,648 | £200,000 | 46 NEWARK ROAD |
| 26 Aug 2022 | £219,024 | £218,000 | 10 ALDERLEY ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 15 Oct 2021. Using an estimated price of £186,736 means this house is valued at £2,667 per sq meter (£247 per sq foot).
The average size of a house on NEWARK ROAD is 71 sq meters (770 sq feet).