£73,409
This estimated value is based upon the latest sale price for the house of £60,000 on 24 Feb 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £60,000 | 24 Feb 2020 |
| £42,000 | 16 Mar 2015 |
| £23,000 | 24 Sep 2004 |
| Terraced |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 February 2020 the House Price Index for GREATER MANCHESTER was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £60,000 results in an estimated price of approximately £73,409.
| 24 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £60,000 | £13,409 | £73,409 |
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 | 14.622 % | £8,773 | £68,773 |
| 3 Month Average | 24.702 % | £14,821 | £74,821 |
| 6 Month Average | 20.778 % | £12,466 | £72,466 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £82,409 | £81,300 | 135 PARK STREET |
| 2 Apr 2023 | £65,707 | £65,000 | 92 CHELMSFORD STREET |
| 15 Feb 2022 | £68,165 | £65,000 | 173 LEE STREET |
| 27 Nov 2020 | £92,748 | £80,000 | 44 CHELMSFORD STREET |
| 2 Oct 2020 | £140,770 | £120,000 | 164 LEE STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 27 Mar 2014. Using an estimated price of £73,409 means this house is valued at £1,112 per sq meter (£103 per sq foot).
The average size of a house on FLORIDA STREET is 98 sq meters (1,055 sq feet).