£65,804
This estimated value is based upon the latest sale price for the house of £30,000 on 16 Dec 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£30,000 | 16 Dec 2003 |
Terraced |
Leasehold |
Floor Area: 79 sq meters or 850 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 December 2003 the House Price Index for GREATER MANCHESTER was 68.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 119.349%.Applying this 119.349% change to the original purchase price of £30,000 results in an estimated price of approximately £65,804.
16 Dec 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
68.2 | 149.7 | 119.349 % | £30,000 | £35,804 | £65,804 |
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 | 182.084 % | £54,625 | £84,625 |
3 Month Average | 187.441 % | £56,232 | £86,232 |
6 Month Average | 186.093 % | £55,828 | £85,828 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £60,936 | £60,000 | 19 MINORCA STREET |
3 Oct 2023 | £194,416 | £190,000 | 72 LEACH STREET |
7 Jun 2023 | £112,249 | £110,000 | 51 LUMSDEN STREET |
29 Jul 2022 | £73,739 | £73,000 | 11 LEACH STREET |
27 May 2022 | £189,949 | £185,000 | 178 HIGH STREET |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 27 Nov 2014. Using an estimated price of £65,805 means this house is valued at £832 per sq meter (£77 per sq foot).
The average size of a house on PEABODY STREET is 91 sq meters (979 sq feet).