£243,157
This estimated value is based upon the latest sale price for the house of £192,000 on 15 Dec 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
Price Paid | Date |
---|---|
£192,000 | 15 Dec 2017 |
£162,000 | 27 Nov 2007 |
Flats/Maisonettes |
Leasehold |
Floor Area: 63 sq meters or 678 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 December 2017 the House Price Index for GREATER MANCHESTER was 118.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.645%.Applying this 26.645% change to the original purchase price of £192,000 results in an estimated price of approximately £243,157.
15 Dec 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.2 | 149.7 | 26.645 % | £192,000 | £51,157 | £243,157 |
The Postcode Pricing Model uses changes in average sales price within the M4 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 | 41.359 % | £79,409 | £271,409 |
3 Month Average | 16.702 % | £32,067 | £224,067 |
6 Month Average | 3.555 % | £6,826 | £198,826 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Aug 2023 | £175,159 | £172,000 | APARTMENT 409 JEFFERSON PLACE, 1 FERNIE STREET |
17 Mar 2023 | £152,548 | £150,000 | APARTMENT 1315 JEFFERSON PLACE, 1 FERNIE STREET |
30 Nov 2022 | £122,428 | £123,000 | APARTMENT 917 JEFFERSON PLACE, 1 FERNIE STREET |
19 Jul 2022 | £202,024 | £200,000 | APARTMENT 1301 JEFFERSON PLACE, 1 FERNIE STREET |
18 Oct 2021 | £156,054 | £140,000 | APARTMENT 410 JEFFERSON PLACE, 1 FERNIE STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 10 Oct 2019. Using an estimated price of £243,158 means this house is valued at £3,859 per sq meter (£358 per sq foot).
The average size of a house on FERNIE STREET is 58 sq meters (629 sq feet).