£81,714
This estimated value is based upon the latest sale price for the house of £65,000 on 20 Dec 2017. 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 | 20 Dec 2017 |
| Terraced |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 December 2017 the House Price Index for GREATER MANCHESTER was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £65,000 results in an estimated price of approximately £81,714.
| 20 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £65,000 | £16,714 | £81,714 |
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 | 21.885 % | £14,225 | £79,225 |
| 3 Month Average | 47.440 % | £30,836 | £95,836 |
| 6 Month Average | 43.183 % | £28,069 | £93,069 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £89,322 | £88,000 | 11 JUNCTION ROAD |
| 10 Nov 2023 | £88,815 | £87,500 | 7 HORSFIELD STREET |
| 3 Nov 2023 | £101,503 | £100,000 | 37 HULTON LANE |
| 23 Aug 2023 | £111,980 | £111,000 | 26 JUNCTION ROAD |
| 16 Mar 2023 | £57,341 | £56,801 | 42 HULTON LANE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 13 Feb 2017. Using an estimated price of £81,714 means this house is valued at £1,201 per sq meter (£111 per sq foot).
There is one other house on the street which we know the size of, this is 7 HORSFIELD STREET it is 64.2