£283,866
This estimated value is based upon the latest sale price for the house of £235,000 on 18 Aug 2020. 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 |
|---|---|
| £235,000 | 18 Aug 2020 |
| £147,000 | 19 Oct 2007 |
| £154,000 | 24 Apr 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 August 2020 the House Price Index for GREATER MANCHESTER was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £235,000 results in an estimated price of approximately £283,866.
| 18 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £235,000 | £48,866 | £283,866 |
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 | 4.311 % | £10,131 | £245,131 |
| 3 Month Average | 20.117 % | £47,274 | £282,274 |
| 6 Month Average | 8.121 % | £19,084 | £254,084 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2024 | £500,000 | £500,000 | APARTMENT RM 508 ROYAL MILLS, 2 COTTON STREET |
| 1 Nov 2024 | £325,000 | £325,000 | APARTMENT OS 202 ROYAL MILLS, 2 COTTON STREET |
| 31 Oct 2024 | £375,000 | £375,000 | APARTMENT OS 708 ROYAL MILLS, 2 COTTON STREET |
| 30 Oct 2024 | £208,000 | £208,000 | APARTMENT OS 401 ROYAL MILLS, 2 COTTON STREET |
| 9 Aug 2024 | £225,000 | £225,000 | APARTMENT RM 304 ROYAL MILLS, 2 COTTON STREET |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 10 Sep 2019. Using an estimated price of £283,866 means this house is valued at £4,435 per sq meter (£412 per sq foot).
The average size of a house on COTTON STREET is 81 sq meters (876 sq feet).