£124,440
This estimated value is based upon the latest sale price for the house of £34,000 on 23 Oct 2000. 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 |
|---|---|
| £34,000 | 23 Oct 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2000 the House Price Index for GREATER MANCHESTER was 40.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 266.003%.Applying this 266.003% change to the original purchase price of £34,000 results in an estimated price of approximately £124,440.
| 23 Oct 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.6 | 148.6 | 266.003 % | £34,000 | £90,440 | £124,440 |
The Postcode Pricing Model uses changes in average sales price within the M8 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 | 78.043 % | £26,534 | £60,534 |
| 3 Month Average | 391.611 % | £133,147 | £167,147 |
| 6 Month Average | 475.577 % | £161,696 | £195,696 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £206,809 | £205,000 | 63 SMEDLEY LANE |
| 4 Jul 2023 | £185,497 | £183,000 | 6 LICHFIELD DRIVE |
| 25 Jul 2022 | £215,580 | £215,000 | 4 CARADOC AVENUE |
| 25 Apr 2022 | £159,619 | £155,000 | 66 LECESTER ROAD |
| 8 Apr 2022 | £121,516 | £118,000 | 46 SMEDLEY LANE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 20 Jan 2014. Using an estimated price of £124,441 means this house is valued at £1,464 per sq meter (£136 per sq foot).
The average size of a house on SMEDLEY LANE is 111 sq meters (1,196 sq feet).