£256,073
This estimated value is based upon the latest sale price for the house of £150,000 on 20 Aug 2010. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£150,000 | 20 Aug 2010 |
£68,000 | 12 Apr 2001 |
Terraced |
Leasehold |
Floor Area: 105 sq meters or 1,137 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 August 2010 the House Price Index for GREATER MANCHESTER was 87.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.715%.Applying this 70.715% change to the original purchase price of £150,000 results in an estimated price of approximately £256,073.
20 Aug 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.7 | 149.7 | 70.715 % | £150,000 | £106,073 | £256,073 |
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 | 58.659 % | £87,989 | £237,989 |
3 Month Average | 63.434 % | £95,150 | £245,150 |
6 Month Average | 57.706 % | £86,559 | £236,559 |
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 105 sq meters or 1,137 sq feet when measured on 20 Oct 2009. Using an estimated price of £256,073 means this house is valued at £2,423 per sq meter (£225 per sq foot).
The average size of a house on CHARLOTTE STREET is 91 sq meters (981 sq feet).