£119,727
This estimated value is based upon the latest sale price for the house of £70,000 on 23 Oct 2012. 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 |
|---|---|
| £70,000 | 23 Oct 2012 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 October 2012 the House Price Index for GREATER MANCHESTER was 87.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.040%.Applying this 71.040% change to the original purchase price of £70,000 results in an estimated price of approximately £119,727.
| 23 Oct 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 149.7 | 71.040 % | £70,000 | £49,727 | £119,727 |
The Postcode Pricing Model uses changes in average sales price within the M40 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 | 60.972 % | £42,680 | £112,680 |
| 3 Month Average | 69.881 % | £48,916 | £118,916 |
| 6 Month Average | 82.902 % | £58,031 | £128,031 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £412,681 | £400,000 | 14 EASTFIELD AVENUE |
| 6 Nov 2023 | £249,329 | £243,000 | 70 HOLLAND STREET |
| 6 Oct 2023 | £358,134 | £350,000 | 6 RAJA AHMED STREET |
| 5 Oct 2023 | £163,718 | £160,000 | 14 TEWKESBURY ROAD |
| 15 Jun 2023 | £86,738 | £85,000 | 27 CAMBRIAN STREET |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 27 Jun 2017. Using an estimated price of £119,728 means this house is valued at £1,617 per sq meter (£150 per sq foot).
The average size of a house on RIDGWAY STREET is 82 sq meters (890 sq feet).