£83,395
This estimated value is based upon the latest sale price for the house of £55,000 on 4 Sep 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£55,000 | 4 Sep 2014 |
£15,000 | 19 Jul 2002 |
Terraced |
Leasehold |
Floor Area: 92 sq meters or 990 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 September 2014 the House Price Index for GREATER MANCHESTER was 98.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 51.628%.Applying this 51.628% change to the original purchase price of £55,000 results in an estimated price of approximately £83,395.
4 Sep 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
98.7 | 149.7 | 51.628 % | £55,000 | £28,395 | £83,395 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 103.596 % | £56,977 | £111,977 |
3 Month Average | 55.721 % | £30,646 | £85,646 |
6 Month Average | 55.258 % | £30,391 | £85,391 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jun 2024 | £585,000 | £585,000 | B M W A BUILDING SWAN LANE |
7 Dec 2023 | £154,755 | £150,000 | 18 AUBURN STREET |
29 Mar 2023 | £233,906 | £230,000 | 337 DERBY STREET |
29 Mar 2023 | £233,906 | £230,000 | 4 RANGE STREET |
29 Mar 2023 | £233,906 | £230,000 | 351 DERBY STREET |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 6 May 2016. Using an estimated price of £83,395 means this house is valued at £906 per sq meter (£84 per sq foot).
The average size of a house on HOPEFIELD STREET is 92 sq meters (999 sq feet).