£63,611
This estimated value is based upon the latest sale price for the house of £60,000 on 28 Jan 2022. 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 | 28 Jan 2022 |
£39,999 | 26 Feb 2020 |
Terraced |
Leasehold |
Floor Area: 89 sq meters or 957 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 January 2022 the House Price Index for GREATER MANCHESTER was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £60,000 results in an estimated price of approximately £63,611.
28 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.2 | 149.7 | 6.020 % | £60,000 | £3,611 | £63,611 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 17.995 % | £10,797 | £70,797 |
3 Month Average | 38.280 % | £22,967 | £82,967 |
6 Month Average | 16.250 % | £9,750 | £69,750 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 May 2024 | £126,545 | £126,545 | 167 RAMSAY STREET |
15 Dec 2023 | £128,963 | £125,000 | 196 ENTWISLE ROAD |
22 Nov 2023 | £41,042 | £40,000 | 183 RAMSAY STREET |
15 Nov 2023 | £179,558 | £175,000 | 32 GOWERS STREET |
21 Jun 2023 | £102,045 | £100,000 | 159 RAMSAY STREET |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 15 Oct 2021. Using an estimated price of £63,612 means this house is valued at £714 per sq meter (£66 per sq foot).
The average size of a house on KELLETT STREET is 97 sq meters (1,048 sq feet).