£163,227
This estimated value is based upon the latest sale price for the house of £164,000 on 8 Feb 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 |
|---|---|
| £164,000 | 8 Feb 2023 |
| £115,000 | 25 Nov 2016 |
| £38,300 | 16 May 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 63 sq meters or 678 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 February 2023 the House Price Index for GREATER MANCHESTER was 148.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.471%.Applying this -0.471% change to the original purchase price of £164,000 results in an estimated price of approximately £163,227.
| 8 Feb 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 148.0 | -0.471 % | £164,000 | £-772 | £163,227 |
The Postcode Pricing Model uses changes in average sales price within the M9 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 | 48.840 % | £80,097 | £244,097 |
| 3 Month Average | -20.172 % | £-33,082 | £130,917 |
| 6 Month Average | -21.033 % | £-34,494 | £129,505 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £96,325 | £96,000 | 20 SOMERFIELD ROAD |
| 11 Aug 2023 | £125,765 | £125,000 | 11 RISLEY AVENUE |
| 24 Jul 2023 | £121,146 | £120,000 | 75 SOMERFIELD ROAD |
| 17 Jul 2023 | £156,480 | £155,000 | 4 BROMFIELD AVENUE |
| 11 Jul 2023 | £146,385 | £145,000 | 12 RISLEY AVENUE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 23 Jun 2016. Using an estimated price of £163,228 means this house is valued at £2,590 per sq meter (£240 per sq foot).
The average size of a house on FACTORY LANE is 79 sq meters (852 sq feet).