£261,194
This estimated value is based upon the latest sale price for the house of £150,000 on 23 Aug 2011. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £150,000 | 23 Aug 2011 |
| £43,000 | 29 May 2002 |
| Terraced |
| Leasehold |
| Floor Area: 111 sq meters or 1,201 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 August 2011 the House Price Index for GREATER MANCHESTER was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.130%.Applying this 74.130% change to the original purchase price of £150,000 results in an estimated price of approximately £261,194.
| 23 Aug 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.130 % | £150,000 | £111,194 | £261,194 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 59.213 % | £88,818 | £238,818 |
| 3 Month Average | 53.880 % | £80,819 | £230,819 |
| 6 Month Average | 71.729 % | £107,593 | £257,593 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Oct 2023 | £107,440 | £105,000 | 21 BOUNDARY STREET |
| 4 Aug 2023 | £173,122 | £170,000 | THE DOJO KARATE CENTRE CASTLEMERE STREET |
| 1 Jun 2023 | £255,112 | £250,000 | 11 ST ALBANS STREET |
| 17 Jun 2022 | £200,281 | £196,000 | 3 CASTLEMERE STREET |
| 25 Oct 2021 | £78,027 | £70,000 | 37 HENRY STREET |
This house has a floor area of 111 sq meters or 1,201 sq feet when measured on 11 Aug 2011. Using an estimated price of £261,195 means this house is valued at £2,339 per sq meter (£217 per sq foot).
The average size of a house on MERE STREET is 109 sq meters (1,179 sq feet).