£97,809
This estimated value is based upon the latest sale price for the house of £80,000 on 3 Apr 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £80,000 | 3 Apr 2020 |
| £86,000 | 6 Sep 2006 |
| £62,950 | 16 Apr 2004 |
| Terraced |
| Freehold |
| Floor Area: 60 sq meters or 645 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 April 2020 the House Price Index for GREATER MANCHESTER was 121.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.262%.Applying this 22.262% change to the original purchase price of £80,000 results in an estimated price of approximately £97,809.
| 3 Apr 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.0 | 22.262 % | £80,000 | £17,809 | £97,809 |
The Postcode Pricing Model uses changes in average sales price within the WN1 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 | 0.369 % | £295 | £80,295 |
| 3 Month Average | 6.051 % | £4,840 | £84,840 |
| 6 Month Average | -11.637 % | £-9,309 | £70,690 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Aug 2023 | £186,132 | £185,000 | 74 BALCARRES AVENUE |
| 2 Aug 2023 | £140,857 | £140,000 | 3 CHESTNUT ROAD |
| 3 Aug 2022 | £178,792 | £180,000 | 36 ROSEMARY CRESCENT |
| 6 May 2022 | £126,886 | £125,000 | 56 CHESTNUT ROAD |
| 18 Feb 2022 | £125,335 | £120,000 | 42 ROSEMARY CRESCENT |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 21 Nov 2019. Using an estimated price of £97,810 means this house is valued at £1,630 per sq meter (£151 per sq foot).
The average size of a house on CHESTNUT ROAD is 76 sq meters (819 sq feet).