£103,038
This estimated value is based upon the latest sale price for the house of £83,000 on 26 Oct 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £83,000 | 26 Oct 2018 |
| £58,000 | 27 May 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 October 2018 the House Price Index for GREATER MANCHESTER was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £83,000 results in an estimated price of approximately £103,038.
| 26 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £83,000 | £20,038 | £103,038 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 39.504 % | £32,788 | £115,788 |
| 3 Month Average | 32.184 % | £26,712 | £109,712 |
| 6 Month Average | 46.290 % | £38,420 | £121,420 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £190,000 | £190,000 | 2 BUERSIL HEAD BARN THORNHAM NEW ROAD |
| 8 Sep 2023 | £171,276 | £167,500 | 93 CONSTABLE DRIVE |
| 22 Apr 2022 | £155,613 | £150,000 | 13 PERTH ROAD |
| 25 Feb 2022 | £158,469 | £150,000 | 15 PERTH ROAD |
| 19 Nov 2021 | £136,190 | £125,000 | 248 HILL TOP DRIVE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 27 Nov 2019. Using an estimated price of £103,039 means this house is valued at £1,451 per sq meter (£134 per sq foot).
The average size of a house on GERRARD STREET is 82 sq meters (889 sq feet).