£124,452
This estimated value is based upon the latest sale price for the house of £92,500 on 24 Jun 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £92,500 | 24 Jun 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 June 2016 the House Price Index for GREATER MANCHESTER was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £92,500 results in an estimated price of approximately £124,452.
| 24 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £92,500 | £31,952 | £124,452 |
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 | 56.725 % | £52,470 | £144,970 |
| 3 Month Average | 78.140 % | £72,279 | £164,779 |
| 6 Month Average | 89.983 % | £83,234 | £175,734 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £108,981 | £105,632 | 2 LEIGHTON STREET |
| 27 Oct 2023 | £138,137 | £135,000 | 26 SCARBOROUGH STREET |
| 13 Oct 2023 | £113,580 | £111,000 | 24 SCARBOROUGH STREET |
| 13 Jun 2023 | £141,843 | £139,000 | 388 MOSTON LANE |
| 27 Jan 2023 | £140,375 | £140,000 | 7 ROMNEY STREET |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 20 Aug 2015. Using an estimated price of £124,453 means this house is valued at £1,464 per sq meter (£136 per sq foot).
The average size of a house on ROMNEY STREET is 78 sq meters (850 sq feet).