£81,675
This estimated value is based upon the latest sale price for the house of £65,000 on 29 May 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £65,000 | 29 May 2018 |
| £38,000 | 2 May 2003 |
| £30,000 | 7 Mar 2002 |
| £24,000 | 2 Feb 1996 |
| Terraced |
| Leasehold |
| Floor Area: 69 sq meters or 742 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 May 2018 the House Price Index for GREATER MANCHESTER was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £65,000 results in an estimated price of approximately £81,675.
| 29 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £65,000 | £16,675 | £81,675 |
The Postcode Pricing Model uses changes in average sales price within the OL12 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 | 106.047 % | £68,930 | £133,930 |
| 3 Month Average | 77.501 % | £50,375 | £115,375 |
| 6 Month Average | 62.614 % | £40,699 | £105,699 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £72,304 | £71,000 | 11 PILLING STREET |
| 28 Apr 2023 | £96,811 | £95,000 | 26 MOLYNEUX STREET |
| 17 Aug 2022 | £180,846 | £180,000 | 196 EDMUND STREET |
| 21 Jun 2022 | £78,171 | £76,500 | 16A MOLYNEUX STREET |
| 28 Mar 2022 | £84,663 | £81,100 | 27 MOLYNEUX STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 8 May 2018. Using an estimated price of £81,676 means this house is valued at £1,183 per sq meter (£109 per sq foot).
The average size of a house on MOLYNEUX STREET is 75 sq meters (808 sq feet).