£103,408
This estimated value is based upon the latest sale price for the house of £61,000 on 28 Jan 2013. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £61,000 | 28 Jan 2013 |
| Terraced |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 2013 the House Price Index for GREATER MANCHESTER was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.521%.Applying this 69.521% change to the original purchase price of £61,000 results in an estimated price of approximately £103,408.
| 28 Jan 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 148.6 | 69.521 % | £61,000 | £42,408 | £103,408 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | 79.987 % | £48,791 | £109,791 |
| 3 Month Average | 68.120 % | £41,553 | £102,553 |
| 6 Month Average | 59.634 % | £36,376 | £97,376 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £80,000 | £80,000 | 15 MIRFIELD AVENUE |
| 1 Dec 2023 | £117,048 | £115,000 | 11 CLYDESDALE STREET |
| 31 Jul 2023 | £121,637 | £120,000 | 19 LORNE STREET |
| 31 Mar 2023 | £151,427 | £150,000 | 3 LORNE STREET |
| 15 Jul 2022 | £80,216 | £80,000 | 73 LUNE STREET |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 18 Nov 2015. Using an estimated price of £103,408 means this house is valued at £1,723 per sq meter (£160 per sq foot).
The average size of a house on LORNE STREET is 86 sq meters (932 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (645 sq feet).