£99,434
This estimated value is based upon the latest sale price for the house of £73,500 on 18 May 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £73,500 | 18 May 2016 |
| 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 May 2016 the House Price Index for GREATER MANCHESTER was 110.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £73,500 results in an estimated price of approximately £99,434.
| 18 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 149.7 | 35.286 % | £73,500 | £25,934 | £99,434 |
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 | 74.587 % | £54,821 | £128,321 |
| 3 Month Average | 57.403 % | £42,191 | £115,691 |
| 6 Month Average | 53.725 % | £39,488 | £112,988 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Apr 2024 | £137,191 | £136,000 | 15 JAUNCEY STREET |
| 24 Nov 2023 | £143,646 | £140,000 | 20 GILNOW GARDENS |
| 18 Oct 2023 | £78,132 | £76,357 | 77 THORNBANK EAST |
| 13 Oct 2023 | £107,440 | £105,000 | 4 FERN STREET |
| 21 Sep 2023 | £50,105 | £49,000 | FLAT 65 BLACKSHAW HOUSE THORNBANK NORTH |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 6 Oct 2016. Using an estimated price of £99,435 means this house is valued at £1,169 per sq meter (£108 per sq foot).
The average size of a house on THORNBANK EAST is 94 sq meters (1,013 sq feet).