£89,806
This estimated value is based upon the latest sale price for the house of £72,000 on 1 May 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £72,000 | 1 May 2018 |
| £125,000 | 20 Dec 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 44 sq meters or 473 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 May 2018 the House Price Index for GREATER MANCHESTER was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £72,000 results in an estimated price of approximately £89,806.
| 1 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £72,000 | £17,806 | £89,806 |
The Postcode Pricing Model uses changes in average sales price within the SK1 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 | 34.304 % | £24,698 | £96,698 |
| 3 Month Average | 45.562 % | £32,804 | £104,804 |
| 6 Month Average | 38.853 % | £27,974 | £99,974 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £106,360 | £105,000 | 57 MIDDLE HILLGATE |
| 15 Sep 2023 | £303,885 | £300,000 | 1 WELCROFT STREET |
| 24 Aug 2023 | £544,766 | £540,000 | 31A MIDDLE HILLGATE |
| 24 Aug 2023 | £544,766 | £540,000 | 29 - 31 MIDDLE HILLGATE |
| 28 Jul 2023 | £54,737 | £54,000 | FLAT 5 THE TOWN HOUSE, 72 MIDDLE HILLGATE |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 13 Jun 2012. Using an estimated price of £89,807 means this house is valued at £2,041 per sq meter (£189 per sq foot).
The average size of a house on WELCROFT STREET is 70 sq meters (758 sq feet).
This house is the smallest in the street with a floor area of 44 sq meters (473 sq feet).