£70,870
This estimated value is based upon the latest sale price for the house of £50,000 on 29 Oct 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£50,000 | 29 Oct 2015 |
£31,000 | 2 Mar 2004 |
£15,000 | 19 Jan 2001 |
£8,000 | 4 Jul 1997 |
Terraced |
Freehold |
Floor Area: 49 sq meters or 527 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 2015 the House Price Index for GREATER MANCHESTER was 105.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 41.740%.Applying this 41.740% change to the original purchase price of £50,000 results in an estimated price of approximately £70,870.
29 Oct 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
105.6 | 149.7 | 41.740 % | £50,000 | £20,870 | £70,870 |
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 | 99.014 % | £49,506 | £99,506 |
3 Month Average | 85.512 % | £42,756 | £92,756 |
6 Month Average | 88.863 % | £44,431 | £94,431 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Aug 2023 | £69,249 | £68,000 | 9 SPREADBURY STREET |
6 Apr 2023 | £215,022 | £211,000 | 34 BRENDON AVENUE |
17 Jan 2023 | £166,445 | £166,000 | 16 BRENDON AVENUE |
12 Jan 2023 | £120,321 | £120,000 | 41 LEVENS STREET |
23 Aug 2022 | £181,850 | £181,000 | 28 BRENDON AVENUE |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 20 Apr 2013. Using an estimated price of £70,870 means this house is valued at £1,446 per sq meter (£134 per sq foot).
The average size of a house on SPREADBURY STREET is 65 sq meters (704 sq feet).
This house is the smallest in the street with a floor area of 49 sq meters (527 sq feet).