£122,613
This estimated value is based upon the latest sale price for the house of £110,000 on 15 Oct 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £110,000 | 15 Oct 2021 |
| £110,000 | 15 Oct 2021 |
| £91,995 | 6 Jun 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 68 sq meters or 739 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 2021 the House Price Index for GREATER MANCHESTER was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £110,000 results in an estimated price of approximately £122,613.
| 15 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £110,000 | £12,613 | £122,613 |
The Postcode Pricing Model uses changes in average sales price within the M26 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 | -3.009 % | £-3,310 | £106,689 |
| 3 Month Average | 3.705 % | £4,075 | £114,075 |
| 6 Month Average | 0.962 % | £1,058 | £111,058 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £113,487 | £110,000 | 7 FERNSIDE COURT FERNSIDE |
| 10 Nov 2023 | £328,334 | £320,000 | 4 HOLLOW MEADOW |
| 23 Jun 2023 | £176,028 | £172,500 | 16 HOLLOW MEADOW |
| 15 Mar 2023 | £170,853 | £168,000 | 16 GREENOAK |
| 25 Nov 2022 | £199,069 | £200,000 | 21 HOLLOW MEADOW |
This house has a floor area of 68 sq meters or 739 sq feet when measured on 11 Jun 2010. Using an estimated price of £122,614 means this house is valued at £1,784 per sq meter (£165 per sq foot).
The average size of a house on FERNSIDE is 83 sq meters (897 sq feet).