£183,576
This estimated value is based upon the latest sale price for the house of £159,950 on 18 Dec 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £159,950 | 18 Dec 2020 |
| £75,000 | 18 Nov 2019 |
| £28,500 | 18 Aug 1998 |
| Semi-Detached |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 December 2020 the House Price Index for GREATER MANCHESTER was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £159,950 results in an estimated price of approximately £183,576.
| 18 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £159,950 | £23,626 | £183,576 |
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 | -0.366 % | £-585 | £159,364 |
| 3 Month Average | 16.644 % | £26,621 | £186,571 |
| 6 Month Average | 14.861 % | £23,770 | £183,720 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £236,132 | £232,000 | 33 GEORGE STREET |
| 14 Jun 2023 | £344,169 | £340,000 | 40 GEORGE STREET |
| 6 Apr 2023 | £129,899 | £128,500 | 13 FRANCES STREET |
| 5 Jan 2023 | £154,273 | £155,000 | 19 TITHEBARN CLOSE |
| 22 Jul 2022 | £428,153 | £427,000 | 8 LAMBS FOLD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 14 Jun 2019. Using an estimated price of £183,577 means this house is valued at £2,514 per sq meter (£233 per sq foot).