£123,173
This estimated value is based upon the latest sale price for the house of £105,000 on 15 Oct 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £105,000 | 15 Oct 2020 |
| £99,995 | 1 Aug 2008 |
| £45,000 | 18 Feb 2003 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 2020 the House Price Index for GREATER MANCHESTER was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £105,000 results in an estimated price of approximately £123,173.
| 15 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £105,000 | £18,173 | £123,173 |
The Postcode Pricing Model uses changes in average sales price within the OL7 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 | 32.306 % | £33,921 | £138,921 |
| 3 Month Average | 26.523 % | £27,849 | £132,849 |
| 6 Month Average | 17.294 % | £18,159 | £123,159 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £148,600 | £146,000 | 65 NEWMARKET ROAD |
| 21 Apr 2023 | £144,051 | £142,500 | 35 NEWMARKET ROAD |
| 22 Feb 2022 | £134,180 | £127,950 | 54 NEWMARKET ROAD |
| 27 Oct 2021 | £147,162 | £133,000 | 66 NEWMARKET ROAD |
| 30 Sep 2021 | £183,191 | £170,000 | 39 CLIVE STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 27 May 2020. Using an estimated price of £123,174 means this house is valued at £1,642 per sq meter (£152 per sq foot).
The average size of a house on NEWMARKET ROAD is 85 sq meters (920 sq feet).