£101,554
This estimated value is based upon the latest sale price for the house of £44,500 on 5 Sep 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £44,500 | 5 Sep 2003 |
| Terraced |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 September 2003 the House Price Index for GREATER MANCHESTER was 65.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 128.213%.Applying this 128.213% change to the original purchase price of £44,500 results in an estimated price of approximately £101,554.
| 5 Sep 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 65.1 | 148.6 | 128.213 % | £44,500 | £57,054 | £101,554 |
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 | 157.211 % | £69,958 | £114,458 |
| 3 Month Average | 182.287 % | £81,117 | £125,617 |
| 6 Month Average | 197.988 % | £88,104 | £132,604 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £180,000 | £180,000 | 75 MELBOURNE ROAD |
| 20 Nov 2023 | £91,352 | £90,000 | 10 MELBOURNE ROAD |
| 16 Jun 2023 | £167,023 | £165,000 | 70 MELBOURNE ROAD |
| 21 Apr 2023 | £146,578 | £145,000 | 12 MAYBRECK CLOSE |
| 2 Aug 2022 | £114,691 | £115,000 | 46 MELBOURNE ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 9 Mar 2018. Using an estimated price of £101,555 means this house is valued at £1,180 per sq meter (£109 per sq foot).
The average size of a house on MELBOURNE ROAD is 86 sq meters (926 sq feet).