£217,505
This estimated value is based upon the latest sale price for the house of £40,000 on 22 Nov 1996. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £40,000 | 22 Nov 1996 |
| Terraced |
| Leasehold |
| 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 November 1996 the House Price Index for GREATER MANCHESTER was 27.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 443.763%.Applying this 443.763% change to the original purchase price of £40,000 results in an estimated price of approximately £217,505.
| 22 Nov 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.3 | 148.6 | 443.763 % | £40,000 | £177,505 | £217,505 |
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 | 291.096 % | £116,438 | £156,438 |
| 3 Month Average | 344.492 % | £137,796 | £177,796 |
| 6 Month Average | 359.881 % | £143,952 | £183,952 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £160,305 | £157,500 | 64 GIBRALTAR STREET |
| 1 Sep 2022 | £69,439 | £70,000 | 66 GIBRALTAR STREET |
| 31 Aug 2022 | £167,549 | £168,000 | 2 CROSS ORMROD STREET |
| 29 Oct 2020 | £987 | £841 | 50 GIBRALTAR STREET |
| 20 Nov 2019 | £91,983 | £75,000 | 68 GIBRALTAR STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 3 Jul 2013. Using an estimated price of £217,505 means this house is valued at £2,900 per sq meter (£269 per sq foot).
The average size of a house on GIBRALTAR STREET is 87 sq meters (936 sq feet).