£98,466
This estimated value is based upon the latest sale price for the house of £55,000 on 27 Jan 2006. 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 | 27 Jan 2006 |
| Terraced |
| Leasehold |
| Floor Area: 83 sq meters or 893 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 2006 the House Price Index for GREATER MANCHESTER was 83.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 79.030%.Applying this 79.030% change to the original purchase price of £55,000 results in an estimated price of approximately £98,466.
| 27 Jan 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.0 | 148.6 | 79.030 % | £55,000 | £43,466 | £98,466 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | -33.956 % | £-18,675 | £36,324 |
| 3 Month Average | 71.151 % | £39,132 | £94,132 |
| 6 Month Average | 59.801 % | £32,890 | £87,890 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £71,627 | £71,000 | 9 BOSTON STREET |
| 27 Apr 2022 | £92,682 | £90,000 | 40 WALLACE STREET |
| 7 Dec 2021 | £85,710 | £80,000 | 33 WALLACE STREET |
| 3 Dec 2021 | £123,208 | £115,000 | 25 CRETE STREET |
| 4 Jun 2020 | £82,349 | £68,000 | 23 PLYMOUTH STREET |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 19 Aug 2014. Using an estimated price of £98,466 means this house is valued at £1,186 per sq meter (£110 per sq foot).
The average size of a house on FALMOUTH STREET is 104 sq meters (1,127 sq feet).