£127,814
This estimated value is based upon the latest sale price for the house of £70,000 on 9 Nov 2005. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £70,000 | 9 Nov 2005 |
| £22,000 | 27 Nov 1998 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 2005 the House Price Index for GREATER MANCHESTER was 82.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 82.592%.Applying this 82.592% change to the original purchase price of £70,000 results in an estimated price of approximately £127,814.
| 9 Nov 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.0 | 149.7 | 82.592 % | £70,000 | £57,814 | £127,814 |
The Postcode Pricing Model uses changes in average sales price within the M40 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 | 108.763 % | £76,134 | £146,134 |
| 3 Month Average | 122.775 % | £85,942 | £155,942 |
| 6 Month Average | 130.323 % | £91,226 | £161,226 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Nov 2023 | £123,125 | £120,000 | 33 CULCHETH LANE |
| 18 Oct 2023 | £119,719 | £117,000 | 3 MELROSE STREET |
| 24 Aug 2023 | £177,196 | £174,000 | 122 DROYLSDEN ROAD |
| 24 Feb 2023 | £135,908 | £135,000 | 5 HETHORN STREET |
| 29 Mar 2022 | £120,052 | £115,000 | 14 HETHORN STREET |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 20 Jan 2016. Using an estimated price of £127,814 means this house is valued at £1,800 per sq meter (£167 per sq foot).
The average size of a house on MELROSE STREET is 84 sq meters (914 sq feet).