This estimated value is based upon the latest sale price for the house of £25,000 on 28 Jul 2000. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER1
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|£25,000||28 Jul 2000|
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 July 2000 the House Price Index for GREATER MANCHESTER was 37.8.The House Price Index as of 1 Jun 2019 is 127.7 which is a change of 238.178%.
Applying this 238.178% change to the original purchase price of £25,000 gives us an estimated price now of around £84,544.
|28 Jul 2000||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
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||123.439 %||£30,859||£55,859|
|3 Month Average||176.392 %||£44,098||£69,098|
|6 Month Average||179.849 %||£44,962||£69,962|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In July 2000 the average sale price for the 50 nearest sales within two miles of 7 GAYTHORNE STREET was £31,377.
In October 2019 the average sale price for the 50 nearest sales was £85,254. This is a change of 171.709%.
So taking the original purchase price of £25,000 and adjusting it by 171.709% gives an estimated price of £67,927.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 28 Jul 2000||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|20 Jun 2019||£120,000||£120,000||76 GRASMERE STREET|
|10 May 2019||£94,897||£94,300||24 EASTBANK STREET|
|17 Dec 2018||£90,269||£90,000||20 WINDERMERE STREET|
|5 Nov 2018||£70,251||£70,000||37 WALNUT STREET|
|10 Aug 2018||£122,517||£120,000||21 WINDERMERE STREET|