£48,962
This estimated value is based upon the latest sale price for the house of £39,950 on 13 Aug 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£39,950 | 13 Aug 2019 |
Flats/Maisonettes |
Leasehold |
Floor Area: 48 sq meters or 516 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 August 2019 the House Price Index for GREATER MANCHESTER was 120.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.560%.Applying this 22.560% change to the original purchase price of £39,950 results in an estimated price of approximately £48,962.
13 Aug 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.8 | 148.0 | 22.560 % | £39,950 | £9,012 | £48,962 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 38.779 % | £15,492 | £55,442 |
3 Month Average | 30.527 % | £12,195 | £52,145 |
6 Month Average | 40.244 % | £16,077 | £56,027 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Mar 2023 | £90,856 | £90,000 | 17 OSWALD STREET |
29 Apr 2022 | £97,831 | £95,000 | 5 TRAFALGAR STREET |
27 Jan 2022 | £1,473 | £1,400 | 37 OSWALD STREET |
22 Oct 2021 | £121,713 | £110,000 | 71 SOUTH STREET |
1 Oct 2021 | £152,694 | £138,000 | 24 SOUTH STREET |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 21 Jun 2019. Using an estimated price of £49,161 means this house is valued at £1,024 per sq meter (£95 per sq foot).
The average size of a house on EDWARD STREET is 142 sq meters (1,535 sq feet).