£246,330
This estimated value is based upon the latest sale price for the house of £150,000 on 23 Jan 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £150,000 | 23 Jan 2007 |
| Terraced |
| Leasehold |
| Floor Area: 99 sq meters or 1,065 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 2007 the House Price Index for GREATER MANCHESTER was 90.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 64.221%.Applying this 64.221% change to the original purchase price of £150,000 results in an estimated price of approximately £246,330.
| 23 Jan 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.5 | 148.6 | 64.221 % | £150,000 | £96,330 | £246,330 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | 17.247 % | £25,871 | £175,871 |
| 3 Month Average | 26.545 % | £39,816 | £189,816 |
| 6 Month Average | 32.455 % | £48,682 | £198,682 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £58,631 | £58,000 | 12 CHELMSFORD STREET |
| 2 Apr 2023 | £65,707 | £65,000 | 92 CHELMSFORD STREET |
| 15 Feb 2022 | £68,165 | £65,000 | 173 LEE STREET |
| 19 Nov 2021 | £108,151 | £100,000 | 30 CHELMSFORD STREET |
| 12 Jul 2021 | £83,896 | £73,000 | 40 WELLINGTON ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 15 Nov 2016. Using an estimated price of £246,331 means this house is valued at £2,488 per sq meter (£231 per sq foot).
The average size of a house on CHELMSFORD STREET is 96 sq meters (1,034 sq feet).