£95,141
This estimated value is based upon the latest sale price for the house of £55,000 on 4 Feb 2011. 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 Feb 2011 |
Terraced |
Leasehold |
Floor Area: 58 sq meters or 628 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 February 2011 the House Price Index for GREATER MANCHESTER was 86.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.985%.Applying this 72.985% change to the original purchase price of £55,000 results in an estimated price of approximately £95,141.
4 Feb 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.5 | 149.7 | 72.985 % | £55,000 | £40,141 | £95,141 |
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 | 92.935 % | £51,114 | £106,114 |
3 Month Average | 77.807 % | £42,793 | £97,793 |
6 Month Average | 62.829 % | £34,556 | £89,556 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £60,936 | £60,000 | 19 MINORCA STREET |
19 Oct 2023 | £135,579 | £132,500 | 2 WINSON CLOSE |
1 Sep 2022 | £134,910 | £135,000 | 6 SANDYHILLS |
27 May 2022 | £189,949 | £185,000 | 178 HIGH STREET |
26 May 2022 | £102,675 | £100,000 | 7 BROACH STREET |
This house has a floor area of 58 sq meters or 628 sq feet when measured on 9 Dec 2009. Using an estimated price of £95,142 means this house is valued at £1,628 per sq meter (£151 per sq foot).
The average size of a house on MINORCA STREET is 77 sq meters (839 sq feet).