£175,844
This estimated value is based upon the latest sale price for the house of £68,000 on 29 Nov 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £68,000 | 29 Nov 2002 |
| £44,950 | 29 May 1998 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 943 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 November 2002 the House Price Index for GREATER MANCHESTER was 57.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 158.595%.Applying this 158.595% change to the original purchase price of £68,000 results in an estimated price of approximately £175,844.
| 29 Nov 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 57.9 | 149.7 | 158.595 % | £68,000 | £107,844 | £175,844 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | 175.495 % | £119,336 | £187,336 |
| 3 Month Average | 238.174 % | £161,958 | £229,958 |
| 6 Month Average | 227.337 % | £154,588 | £222,588 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Apr 2024 | £191,664 | £190,000 | 6 WESTBOURNE GROVE |
| 10 Nov 2023 | £202,644 | £197,500 | 14 SPENCER STREET |
| 29 Sep 2023 | £141,111 | £138,000 | 10 SPENCER STREET |
| 29 Sep 2023 | £168,719 | £165,000 | 7 AINSDALE GROVE |
| 29 Sep 2023 | £196,328 | £192,000 | 114 GORTON ROAD |
This house has a floor area of 87 sq meters or 943 sq feet when measured on 18 Mar 2009. Using an estimated price of £175,845 means this house is valued at £2,005 per sq meter (£186 per sq foot).
The average size of a house on MELBOURNE STREET is 79 sq meters (859 sq feet).
This house is the largest in the street with a floor area of 87 sq meters (943 sq feet).