£74,671
This estimated value is based upon the latest sale price for the house of £60,000 on 15 Mar 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £60,000 | 15 Mar 2019 |
| Terraced |
| Freehold |
| Floor Area: 51 sq meters or 548 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 March 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.453%.Applying this 24.453% change to the original purchase price of £60,000 results in an estimated price of approximately £74,671.
| 15 Mar 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.453 % | £60,000 | £14,671 | £74,671 |
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 | 141.757 % | £85,054 | £145,054 |
| 3 Month Average | 34.878 % | £20,926 | £80,926 |
| 6 Month Average | 19.989 % | £11,993 | £71,993 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 May 2024 | £106,000 | £106,000 | 10 CULVERT STREET |
| 9 Jun 2023 | £99,494 | £97,500 | 12 KENSINGTON PLACE |
| 24 Mar 2023 | £127,123 | £125,000 | 3 KENSINGTON PLACE |
| 24 Feb 2023 | £95,639 | £95,000 | 24 CANBERRA WAY |
| 22 Jul 2022 | £101,012 | £100,000 | 11 KENSINGTON PLACE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 15 Jan 2014. Using an estimated price of £74,672 means this house is valued at £1,464 per sq meter (£136 per sq foot).
There is one other house on the street which we know the size of, this is 1 HOLLY STREET it is 55.0