£75,435
This estimated value is based upon the latest sale price for the house of £47,000 on 20 Dec 2013. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £47,000 | 20 Dec 2013 |
| Terraced |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 2013 the House Price Index for GREATER MANCHESTER was 92.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.502%.Applying this 60.502% change to the original purchase price of £47,000 results in an estimated price of approximately £75,435.
| 20 Dec 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 148.6 | 60.502 % | £47,000 | £28,435 | £75,435 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | 39.265 % | £18,454 | £65,454 |
| 3 Month Average | 48.401 % | £22,748 | £69,748 |
| 6 Month Average | 53.265 % | £25,034 | £72,034 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £119,773 | £118,000 | 6 SHIELD CLOSE |
| 31 Jul 2023 | £82,409 | £81,300 | 135 PARK STREET |
| 15 Feb 2022 | £68,165 | £65,000 | 173 LEE STREET |
| 27 Nov 2020 | £92,748 | £80,000 | 44 CHELMSFORD STREET |
| 2 Oct 2020 | £140,770 | £120,000 | 164 LEE STREET |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 29 Feb 2016. Using an estimated price of £75,436 means this house is valued at £877 per sq meter (£81 per sq foot).
The average size of a house on PARK STREET is 90 sq meters (970 sq feet).