£83,425
This estimated value is based upon the latest sale price for the house of £32,500 on 29 Nov 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £32,500 | 29 Nov 2002 |
| Terraced |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 November 2002 the House Price Index for GREATER MANCHESTER was 57.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 156.695%.Applying this 156.695% change to the original purchase price of £32,500 results in an estimated price of approximately £83,425.
| 29 Nov 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 57.9 | 148.6 | 156.695 % | £32,500 | £50,925 | £83,425 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 296.170 % | £96,255 | £128,755 |
| 3 Month Average | 170.317 % | £55,353 | £87,853 |
| 6 Month Average | 202.694 % | £65,875 | £98,375 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £135,369 | £133,000 | 82 HOPE STREET |
| 6 Dec 2023 | £86,463 | £84,950 | 24 OXFORD STREET |
| 25 Aug 2023 | £90,744 | £89,950 | 28 OXFORD STREET |
| 2 Jun 2023 | £94,646 | £93,500 | 74 HOPE STREET |
| 27 Mar 2023 | £88,837 | £88,000 | 37 OXFORD STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 29 May 2013. Using an estimated price of £83,426 means this house is valued at £1,112 per sq meter (£103 per sq foot).
The average size of a house on HOPE STREET is 79 sq meters (854 sq feet).