£122,787
This estimated value is based upon the latest sale price for the house of £72,000 on 18 May 2012. 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 | 18 May 2012 |
| £107,500 | 2 Jun 2008 |
| £38,500 | 12 Oct 2001 |
| Terraced |
| Leasehold |
| Floor Area: 80 sq meters or 867 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 2012 the House Price Index for GREATER MANCHESTER was 87.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.538%.Applying this 70.538% change to the original purchase price of £72,000 results in an estimated price of approximately £122,787.
| 18 May 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 148.6 | 70.538 % | £72,000 | £50,787 | £122,787 |
The Postcode Pricing Model uses changes in average sales price within the BL8 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 | 3.777 % | £2,719 | £74,719 |
| 3 Month Average | 24.503 % | £17,641 | £89,641 |
| 6 Month Average | 45.509 % | £32,766 | £104,766 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £81,202 | £80,000 | 10 HULME STREET |
| 30 Aug 2023 | £108,953 | £108,000 | FLAT 8 RIVERBANK APARTMENTS, 50 TOTTINGTON ROAD |
| 28 Jul 2023 | £166,744 | £164,500 | 15 MERTON STREET |
| 28 Mar 2023 | £154,455 | £153,000 | 40 MERTON STREET |
| 14 Feb 2023 | £147,900 | £148,000 | 46 MERTON STREET |
This house has a floor area of 80 sq meters or 867 sq feet when measured on 13 Oct 2011. Using an estimated price of £122,787 means this house is valued at £1,523 per sq meter (£141 per sq foot).
The average size of a house on MERTON STREET is 87 sq meters (937 sq feet).