£185,675
This estimated value is based upon the latest sale price for the house of £124,950 on 16 Jan 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £124,950 | 16 Jan 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 2015 the House Price Index for GREATER MANCHESTER was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £124,950 results in an estimated price of approximately £185,675.
| 16 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 148.6 | 48.600 % | £124,950 | £60,725 | £185,675 |
The Postcode Pricing Model uses changes in average sales price within the OL6 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 | 163.677 % | £204,514 | £329,464 |
| 3 Month Average | 50.436 % | £63,020 | £187,970 |
| 6 Month Average | 63.849 % | £79,778 | £204,728 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £229,396 | £226,000 | 3 PARK CRESCENT |
| 21 Oct 2022 | £128,615 | £130,000 | 23 EDWARD STREET |
| 10 Oct 2022 | £145,929 | £147,500 | 27 ARGYLL STREET |
| 17 Jun 2022 | £257,641 | £254,000 | 57 MELLOR ROAD |
| 20 May 2022 | £149,823 | £147,000 | 18 CHADWICK STREET |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 12 Jan 2016. Using an estimated price of £185,676 means this house is valued at £2,615 per sq meter (£242 per sq foot).
The average size of a house on MELLOR ROAD is 123 sq meters (1,332 sq feet).