£59,214
This estimated value is based upon the latest sale price for the house of £29,950 on 11 Jun 2004. 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 |
|---|---|
| £29,950 | 11 Jun 2004 |
| Semi-Detached |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 June 2004 the House Price Index for GREATER MANCHESTER was 75.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 97.712%.Applying this 97.712% change to the original purchase price of £29,950 results in an estimated price of approximately £59,214.
| 11 Jun 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 75.2 | 148.6 | 97.712 % | £29,950 | £29,264 | £59,214 |
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 | 284.065 % | £85,077 | £115,027 |
| 3 Month Average | 96.431 % | £28,881 | £58,831 |
| 6 Month Average | 123.008 % | £36,840 | £66,790 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Oct 2022 | £106,850 | £108,000 | 8 BACK DRAKE STREET |
| 9 Dec 2021 | £235,703 | £220,000 | AUTO BATTERY SERVICES LTD SCHOOL LANE |
| 26 Oct 2021 | £99,583 | £90,000 | 9 CATON STREET |
| 22 Sep 2021 | £156,251 | £145,000 | 151 DRAKE STREET |
| 8 Sep 2021 | £79,203 | £73,500 | 25 MOORE STREET |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 9 Jun 2019. Using an estimated price of £59,215 means this house is valued at £1,020 per sq meter (£94 per sq foot).
There is one other house on the street which we know the size of, this is 70 GREAT GEORGE STREET it is 59.0