£178,486
This estimated value is based upon the latest sale price for the house of £124,000 on 14 Jul 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £124,000 | 14 Jul 2015 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 July 2015 the House Price Index for GREATER MANCHESTER was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £124,000 results in an estimated price of approximately £178,486.
| 14 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £124,000 | £54,486 | £178,486 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | -47.995 % | £-59,514 | £64,485 |
| 3 Month Average | 49.856 % | £61,821 | £185,821 |
| 6 Month Average | 40.871 % | £50,680 | £174,680 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £119,773 | £118,000 | 6 SHIELD CLOSE |
| 31 Jul 2023 | £82,409 | £81,300 | 135 PARK STREET |
| 28 Apr 2023 | £58,631 | £58,000 | 12 CHELMSFORD STREET |
| 15 Feb 2022 | £68,165 | £65,000 | 173 LEE STREET |
| 19 Nov 2021 | £108,151 | £100,000 | 30 CHELMSFORD STREET |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 18 Apr 2016. Using an estimated price of £178,486 means this house is valued at £1,784 per sq meter (£165 per sq foot).
There is one other house on the street which we know the size of, this is 8 SHIELD CLOSE it is 100.0