£301,851
This estimated value is based upon the latest sale price for the house of £242,000 on 25 May 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £242,000 | 25 May 2018 |
| £242,000 | 25 May 2018 |
| Freehold |
| Floor Area: 231 sq meters or 2,486 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 May 2018 the House Price Index for GREATER MANCHESTER was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £242,000 results in an estimated price of approximately £301,851.
| 25 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £242,000 | £59,851 | £301,851 |
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 | 16.265 % | £39,360 | £281,360 |
| 3 Month Average | 24.688 % | £59,744 | £301,744 |
| 6 Month Average | 18.888 % | £45,709 | £287,709 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jun 2023 | £253,065 | £250,000 | 11 ST ALBANS STREET |
| 15 Sep 2022 | £48,607 | £49,000 | HOPE PARTICULAR BAPTIST CHAPEL HOPE STREET |
| 25 Oct 2021 | £77,453 | £70,000 | 37 HENRY STREET |
| 22 Sep 2021 | £156,251 | £145,000 | 151 DRAKE STREET |
| 23 Jul 2021 | £160,897 | £140,000 | H S S HIRE GROUP LTD TELL STREET |
This house has a floor area of 231 sq meters or 2,486 sq feet when measured on 29 Apr 2016. Using an estimated price of £301,851 means this house is valued at £1,306 per sq meter (£121 per sq foot).