£87,021
This estimated value is based upon the latest sale price for the house of £48,250 on 23 Jan 2006. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£48,250 | 23 Jan 2006 |
Terraced |
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 January 2006 the House Price Index for GREATER MANCHESTER was 83.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 80.355%.Applying this 80.355% change to the original purchase price of £48,250 results in an estimated price of approximately £87,021.
23 Jan 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
83.0 | 149.7 | 80.355 % | £48,250 | £38,771 | £87,021 |
The Postcode Pricing Model uses changes in average sales price within the M11 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 | 219.780 % | £106,043 | £154,293 |
3 Month Average | 203.571 % | £98,223 | £146,473 |
6 Month Average | 149.550 % | £72,158 | £120,408 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Apr 2024 | £106,929 | £106,000 | 123 PARKHOUSE STREET |
3 Oct 2023 | £127,905 | £125,000 | 30 ELYSIAN STREET |
6 Mar 2023 | £111,868 | £110,000 | 22 RANGE STREET |
21 Nov 2022 | £124,418 | £125,000 | 147 PARKHOUSE STREET |
4 Jul 2022 | £121,215 | £120,000 | 18 CORONATION STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 27 Aug 2020. Using an estimated price of £87,021 means this house is valued at £1,381 per sq meter (£128 per sq foot).
The average size of a house on HOVIS STREET is 63 sq meters (686 sq feet).