£115,781
This estimated value is based upon the latest sale price for the house of £25,000 on 30 Oct 1998. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£25,000 | 30 Oct 1998 |
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 October 1998 the House Price Index for GREATER MANCHESTER was 32.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 363.127%.Applying this 363.127% change to the original purchase price of £25,000 results in an estimated price of approximately £115,781.
30 Oct 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
32.1 | 148.6 | 363.127 % | £25,000 | £90,781 | £115,781 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 213.908 % | £53,476 | £78,476 |
3 Month Average | 208.387 % | £52,096 | £77,096 |
6 Month Average | 220.218 % | £55,054 | £80,054 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Mar 2023 | £80,761 | £80,000 | 35 STAMFORD STREET |
11 Jun 2021 | £72,959 | £68,000 | 34 MOSS STREET |
6 Nov 2020 | £78,836 | £68,000 | 16 STAMFORD STREET |
12 Oct 2020 | £89,154 | £76,000 | 2 SPRUCE STREET |
2 Jul 2020 | £74,971 | £62,000 | 4 SPRUCE STREET |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 27 Feb 2016. Using an estimated price of £115,782 means this house is valued at £1,465 per sq meter (£136 per sq foot).
The average size of a house on STAMFORD STREET is 67 sq meters (724 sq feet).
This house is the largest in the street with a floor area of 79 sq meters (850 sq feet).