£120,862
This estimated value is based upon the latest sale price for the house of £90,000 on 31 May 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£90,000 | 31 May 2016 |
Terraced |
Leasehold |
Floor Area: 93 sq meters or 1,001 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 2016 the House Price Index for GREATER MANCHESTER was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £90,000 results in an estimated price of approximately £120,862.
31 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.7 | 148.6 | 34.292 % | £90,000 | £30,862 | £120,862 |
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 | -30.962 % | £-27,866 | £62,133 |
3 Month Average | 1.545 % | £1,390 | £91,390 |
6 Month Average | 20.425 % | £18,382 | £108,382 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Jul 2023 | £116,569 | £115,000 | 224 TOTTINGTON ROAD |
21 Jul 2023 | £152,046 | £150,000 | 239 TOTTINGTON ROAD |
2 Feb 2023 | £59,960 | £60,000 | UNIT A, THE YARD WOOLFOLD INDUSTRIAL ESTATE MITCHELL STREET |
30 Jan 2023 | £157,259 | £158,000 | 20 MITCHELL STREET |
20 May 2022 | £203,841 | £200,000 | 198 TOTTINGTON ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 28 Apr 2016. Using an estimated price of £120,862 means this house is valued at £1,299 per sq meter (£120 per sq foot).
The average size of a house on MITCHELL STREET is 102 sq meters (1,105 sq feet).