£179,337
This estimated value is based upon the latest sale price for the house of £147,000 on 10 Jun 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£147,000 | 10 Jun 2020 |
Semi-Detached |
Leasehold |
Floor Area: 110 sq meters or 1,184 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 June 2020 the House Price Index for GREATER MANCHESTER was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £147,000 results in an estimated price of approximately £179,337.
10 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.7 | 149.7 | 21.998 % | £147,000 | £32,337 | £179,337 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 19.106 % | £28,086 | £175,086 |
3 Month Average | 60.495 % | £88,927 | £235,927 |
6 Month Average | 41.183 % | £60,539 | £207,539 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Oct 2023 | £122,789 | £120,000 | 22 BROAD LANE |
20 Oct 2023 | £327,437 | £320,000 | 9 RETFORD AVENUE |
1 Sep 2023 | £122,705 | £120,000 | 45 BROAD LANE |
5 Nov 2021 | £174,323 | £160,000 | 93 CHARLOTTE STREET |
22 Oct 2021 | £158,283 | £142,000 | 75 BROAD LANE |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 12 Feb 2020. Using an estimated price of £179,337 means this house is valued at £1,630 per sq meter (£151 per sq foot).
The average size of a house on CHARLOTTE STREET is 91 sq meters (981 sq feet).