£137,757
This estimated value is based upon the latest sale price for the house of £117,950 on 6 Nov 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £117,950 | 6 Nov 2020 |
| Terraced |
| Freehold |
| Floor Area: 388 sq meters or 4,176 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 November 2020 the House Price Index for GREATER MANCHESTER was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £117,950 results in an estimated price of approximately £137,757.
| 6 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £117,950 | £19,807 | £137,757 |
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 | -1.287 % | £-1,517 | £116,432 |
| 3 Month Average | 4.867 % | £5,740 | £123,690 |
| 6 Month Average | 22.051 % | £26,009 | £143,959 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Oct 2023 | £119,719 | £117,000 | 3 MELROSE STREET |
| 22 Sep 2023 | £153,381 | £150,000 | 7 TETLOW STREET |
| 24 Aug 2023 | £177,196 | £174,000 | 122 DROYLSDEN ROAD |
| 14 Aug 2023 | £152,755 | £150,000 | 138 DROYLSDEN ROAD |
| 29 Oct 2021 | £119,270 | £107,000 | 7 DAISYBANK COURT SILVERWELL STREET |
This house has a floor area of 388 sq meters or 4,176 sq feet when measured on 8 Sep 2020. Using an estimated price of £137,758 means this house is valued at £355 per sq meter (£32 per sq foot).
The average size of a house on MELROSE STREET is 84 sq meters (914 sq feet).
This house is the largest in the street with a floor area of 388 sq meters (4,176 sq feet).