£126,031
This estimated value is based upon the latest sale price for the house of £74,000 on 16 Aug 2012. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £74,000 | 16 Aug 2012 |
| Terraced |
| Leasehold |
| Floor Area: 60 sq meters or 654 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 August 2012 the House Price Index for GREATER MANCHESTER was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.312%.Applying this 70.312% change to the original purchase price of £74,000 results in an estimated price of approximately £126,031.
| 16 Aug 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.312 % | £74,000 | £52,031 | £126,031 |
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 | 45.481 % | £33,655 | £107,655 |
| 3 Month Average | 70.662 % | £52,289 | £126,289 |
| 6 Month Average | 76.385 % | £56,524 | £130,524 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2022 | £167,549 | £168,000 | 2 CROSS ORMROD STREET |
| 12 Aug 2022 | £116,686 | £117,000 | 26 GIBRALTAR STREET |
| 4 May 2022 | £142,689 | £140,000 | 15 STANWAY AVENUE |
| 2 Feb 2022 | £104,869 | £100,000 | 6 BEACONSFIELD STREET |
| 29 Oct 2021 | £77,453 | £70,000 | 32 BEACONSFIELD STREET |
This house has a floor area of 60 sq meters or 654 sq feet when measured on 28 Mar 2012. Using an estimated price of £126,031 means this house is valued at £2,072 per sq meter (£192 per sq foot).
The average size of a house on SALISBURY STREET is 87 sq meters (942 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (654 sq feet).