£105,968
This estimated value is based upon the latest sale price for the house of £80,000 on 4 Oct 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £80,000 | 4 Oct 2016 |
| Terraced |
| Leasehold |
| Floor Area: 78 sq meters or 839 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 October 2016 the House Price Index for GREATER MANCHESTER was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £80,000 results in an estimated price of approximately £105,968.
| 4 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £80,000 | £25,968 | £105,968 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | 1.237 % | £989 | £80,989 |
| 3 Month Average | 18.177 % | £14,541 | £94,541 |
| 6 Month Average | 34.314 % | £27,451 | £107,451 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £75,920 | £75,000 | 54 BROOKLYN STREET |
| 8 Jun 2023 | £75,920 | £75,000 | 2 NEVADA STREET |
| 8 Feb 2023 | £174,882 | £175,000 | 37 NOTTINGHAM DRIVE |
| 4 Nov 2022 | £158,085 | £160,000 | 35 PENTLAND TERRACE |
| 18 Mar 2022 | £145,077 | £140,000 | 37 PENTLAND TERRACE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 8 Aug 2016. Using an estimated price of £105,968 means this house is valued at £1,358 per sq meter (£126 per sq foot).
The average size of a house on GRANTHAM CLOSE is 113 sq meters (1,218 sq feet).
This house is the smallest in the street with a floor area of 78 sq meters (839 sq feet).