£242,458
This estimated value is based upon the latest sale price for the house of £225,000 on 30 Sep 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £225,000 | 30 Sep 2021 |
| £138,500 | 1 May 2015 |
| £59,995 | 24 Aug 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 September 2021 the House Price Index for GREATER MANCHESTER was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £225,000 results in an estimated price of approximately £242,458.
| 30 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £225,000 | £17,458 | £242,458 |
The Postcode Pricing Model uses changes in average sales price within the M18 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 | 18.203 % | £40,956 | £265,956 |
| 3 Month Average | 35.896 % | £80,766 | £305,766 |
| 6 Month Average | 13.466 % | £30,299 | £255,299 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £191,677 | £190,000 | 220 CHAPMAN STREET |
| 23 Aug 2023 | £151,324 | £150,000 | 16 HURFORD AVENUE |
| 19 Apr 2023 | £167,807 | £166,000 | 212 CHAPMAN STREET |
| 27 Mar 2023 | £167,579 | £166,000 | 12 WELLESLEY AVENUE |
| 3 Nov 2022 | £444,614 | £450,000 | 190 CHAPMAN STREET |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 1 Sep 2014. Using an estimated price of £242,458 means this house is valued at £2,474 per sq meter (£229 per sq foot).
The average size of a house on CHAPMAN STREET is 83 sq meters (900 sq feet).