£131,005
This estimated value is based upon the latest sale price for the house of £83,500 on 3 Aug 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£83,500 | 3 Aug 2007 |
£24,500 | 30 Apr 1998 |
£20,000 | 31 Jul 1996 |
£20,000 | 11 Dec 1995 |
Terraced |
Leasehold |
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 August 2007 the House Price Index for GREATER MANCHESTER was 94.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.893%.Applying this 56.893% change to the original purchase price of £83,500 results in an estimated price of approximately £131,005.
3 Aug 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.7 | 148.6 | 56.893 % | £83,500 | £47,505 | £131,005 |
The Postcode Pricing Model uses changes in average sales price within the OL12 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 | 58.528 % | £48,870 | £132,370 |
3 Month Average | 39.951 % | £33,358 | £116,858 |
6 Month Average | 57.252 % | £47,805 | £131,305 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Aug 2023 | £71,627 | £71,000 | 11 PILLING STREET |
28 Apr 2023 | £96,034 | £95,000 | 26 MOLYNEUX STREET |
17 Aug 2022 | £179,517 | £180,000 | 196 EDMUND STREET |
21 Jun 2022 | £77,597 | £76,500 | 16A MOLYNEUX STREET |
28 Mar 2022 | £84,041 | £81,100 | 27 MOLYNEUX STREET |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 22 Jan 2016. Using an estimated price of £131,006 means this house is valued at £1,541 per sq meter (£143 per sq foot).
The average size of a house on MOLYNEUX STREET is 75 sq meters (808 sq feet).