£311,156
This estimated value is based upon the latest sale price for the house of £230,000 on 20 May 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£230,000 | 20 May 2016 |
£203,750 | 6 Dec 2013 |
Flats/Maisonettes |
Leasehold |
Floor Area: 78 sq meters or 839 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 May 2016 the House Price Index for GREATER MANCHESTER was 110.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £230,000 results in an estimated price of approximately £311,156.
20 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.7 | 149.7 | 35.286 % | £230,000 | £81,156 | £311,156 |
The Postcode Pricing Model uses changes in average sales price within the SK4 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 | 49.905 % | £114,780 | £344,780 |
3 Month Average | 65.942 % | £151,666 | £381,666 |
6 Month Average | 48.816 % | £112,276 | £342,276 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 May 2024 | £280,000 | £280,000 | 1 FARM CLOSE |
22 Jun 2023 | £331,646 | £325,000 | FLAT 19 ADLINGTON HOUSE, 27 NELSTROP ROAD |
28 Apr 2023 | £305,718 | £300,000 | 48 NELSTROP ROAD |
24 Mar 2023 | £284,755 | £280,000 | 10 FARM CLOSE |
18 Aug 2022 | £326,527 | £325,000 | FLAT 36 ADLINGTON HOUSE, 27 NELSTROP ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 21 Mar 2013. Using an estimated price of £311,157 means this house is valued at £3,989 per sq meter (£370 per sq foot).
The average size of a house on NELSTROP ROAD is 85 sq meters (916 sq feet).