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Estimated Market Value


This estimated value is based upon the latest sale price for the house of £18,000 on 18 Sep 1996. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER1

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Transactions for this house
Price PaidDate
£18,00018 Sep 1996
House Details

House Price Models

Land Registry House Price Index Model

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 September 1996 the House Price Index for GREATER MANCHESTER was 31.1.

The House Price Index as of 1 Jun 2019 is 127.7 which is a change of 311.040%.

Applying this 311.040% change to the original purchase price of £18,000 gives us an estimated price now of around £73,987.

18 Sep 1996 1 Jun 2019 % change Purchase Price Gain / Loss Estimated Price
31.1 127.7 311.040 % £18,000 £55,987 £73,987

The Postcode Pricing Model uses changes in average sales price within the BL1 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 137.224 % £24,700 £42,700
3 Month Average 218.093 % £39,256 £57,256
6 Month Average 245.648 % £44,216 £62,216

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In September 1996 the average sale price for the 50 nearest sales within two miles of 14 GAYTHORNE STREET was £31,630.

In October 2019 the average sale price for the 50 nearest sales was £85,254. This is a change of 169.536%.

So taking the original purchase price of £18,000 and adjusting it by 169.536% gives an estimated price of £48,516.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 18 Sep 1996 Average price on 31 Oct 2019 % change Purchase Price Gain / Loss Estimated Price
£31,630 £85,254 169.536 % £18,000 £30,516 £48,516
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
20 Jun 2019 £120,000 £120,000 76 GRASMERE STREET
10 May 2019 £94,897 £94,300 24 EASTBANK STREET
17 Dec 2018 £90,269 £90,000 20 WINDERMERE STREET
5 Nov 2018 £70,251 £70,000 37 WALNUT STREET
10 Aug 2018 £122,517 £120,000 21 WINDERMERE STREET

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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