£261,484
This estimated value is based upon the latest sale price for the house of £240,000 on 12 Nov 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £240,000 | 12 Nov 2021 |
| £295,000 | 16 Oct 2007 |
| £208,000 | 5 Apr 2006 |
| £115,000 | 15 Mar 2002 |
| Detached |
| Leasehold |
| Floor Area: 137 sq meters or 1,474 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 November 2021 the House Price Index for GREATER MANCHESTER was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £240,000 results in an estimated price of approximately £261,484.
| 12 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £240,000 | £21,484 | £261,484 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | 20.883 % | £50,119 | £290,119 |
| 3 Month Average | 8.812 % | £21,148 | £261,148 |
| 6 Month Average | -6.162 % | £-14,788 | £225,211 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £257,926 | £250,000 | 41 SUTHERLAND ROAD |
| 30 Jun 2023 | £250,010 | £245,000 | 7 WELBECK ROAD |
| 18 Apr 2023 | £494,244 | £485,000 | 62 NEW HALL LANE |
| 6 Apr 2023 | £203,812 | £200,000 | 18 WELBECK ROAD |
| 13 Jan 2023 | £210,563 | £210,000 | 46 SUTHERLAND ROAD |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 27 Oct 2021. Using an estimated price of £261,485 means this house is valued at £1,908 per sq meter (£177 per sq foot).
The average size of a house on NEW HALL LANE is 126 sq meters (1,361 sq feet).