£64,157
This estimated value is based upon the latest sale price for the house of £12,950 on 15 Oct 1997. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£12,950 | 15 Oct 1997 |
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 October 1997 the House Price Index for GREATER MANCHESTER was 30.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 395.428%.Applying this 395.428% change to the original purchase price of £12,950 results in an estimated price of approximately £64,157.
15 Oct 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
30.0 | 148.6 | 395.428 % | £12,950 | £51,207 | £64,157 |
The Postcode Pricing Model uses changes in average sales price within the OL6 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 | 374.461 % | £48,492 | £61,442 |
3 Month Average | 279.906 % | £36,247 | £49,197 |
6 Month Average | 303.371 % | £39,286 | £52,236 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Apr 2023 | £99,016 | £97,950 | 16 JERSEY STREET |
31 Mar 2023 | £111,046 | £110,000 | 14 JERSEY STREET |
31 Mar 2023 | £152,436 | £151,000 | 3 LORD STREET |
24 Mar 2023 | £121,646 | £120,500 | 6 MELVILLE STREET |
3 Feb 2023 | £104,929 | £105,000 | 5 OSBORNE TERRACE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 9 Nov 2016. Using an estimated price of £64,158 means this house is valued at £903 per sq meter (£83 per sq foot).
The average size of a house on MELVILLE STREET is 97 sq meters (1,046 sq feet).