£262,785
This estimated value is based upon the latest sale price for the house of £225,000 on 6 Nov 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £225,000 | 6 Nov 2020 |
| Terraced |
| Freehold |
| Floor Area: 29 sq meters or 315 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 2020 the House Price Index for GREATER MANCHESTER was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £225,000 results in an estimated price of approximately £262,785.
| 6 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £225,000 | £37,785 | £262,785 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | 19.763 % | £44,466 | £269,466 |
| 3 Month Average | 15.123 % | £34,026 | £259,026 |
| 6 Month Average | 22.935 % | £51,603 | £276,603 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2024 | £90,788 | £90,000 | 94 CHORLEY OLD ROAD |
| 27 Sep 2023 | £511,271 | £500,000 | 7 GASKELL STREET |
| 22 Sep 2023 | £173,832 | £170,000 | 25 SPINNING MEADOW |
| 18 Sep 2023 | £153,381 | £150,000 | 30 SPINNING MEADOW |
| 8 Sep 2023 | £114,525 | £112,000 | 37 SPINNING MEADOW |
This house has a floor area of 29 sq meters or 315 sq feet when measured on 19 Aug 2010. Using an estimated price of £262,785 means this house is valued at £8,962 per sq meter (£832 per sq foot).
The average size of a house on PARK STREET is 123 sq meters (1,333 sq feet).
This house is the smallest in the street with a floor area of 29 sq meters (315 sq feet).