£193,117
This estimated value is based upon the latest sale price for the house of £42,000 on 7 Dec 1998. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £42,000 | 7 Dec 1998 |
| £26,000 | 18 Oct 1995 |
| Terraced |
| Freehold |
| Floor Area: 57 sq meters or 613 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 1998 the House Price Index for GREATER MANCHESTER was 32.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 359.802%.Applying this 359.802% change to the original purchase price of £42,000 results in an estimated price of approximately £193,117.
| 7 Dec 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.3 | 148.6 | 359.802 % | £42,000 | £151,117 | £193,117 |
The Postcode Pricing Model uses changes in average sales price within the OL6 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 | 146.730 % | £61,626 | £103,626 |
| 3 Month Average | 307.894 % | £129,315 | £171,315 |
| 6 Month Average | 328.397 % | £137,926 | £179,926 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Sep 2023 | £166,124 | £164,000 | 8 DYSART STREET |
| 5 Sep 2023 | £174,228 | £172,000 | 20 CORKLAND CLOSE |
| 28 Apr 2023 | £90,980 | £90,000 | FLAT 3 FOXGLOVES DYSART STREET |
| 3 Apr 2023 | £154,059 | £152,400 | 69 STAMFORD SQUARE |
| 11 Nov 2022 | £160,061 | £162,000 | 26 CORKLAND CLOSE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 29 Jul 2013. Using an estimated price of £193,117 means this house is valued at £3,388 per sq meter (£314 per sq foot).
The average size of a house on RUTLAND CLOSE is 75 sq meters (816 sq feet).