£48,180
This estimated value is based upon the latest sale price for the house of £39,000 on 29 Oct 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £39,000 | 29 Oct 2019 |
| Terraced |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 October 2019 the House Price Index for GREATER MANCHESTER was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £39,000 results in an estimated price of approximately £48,180.
| 29 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.540 % | £39,000 | £9,180 | £48,180 |
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 | 58.540 % | £22,830 | £61,830 |
| 3 Month Average | 20.929 % | £8,162 | £47,162 |
| 6 Month Average | 31.712 % | £12,367 | £51,367 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jun 2024 | £117,500 | £117,500 | 74 HONEYWELL LANE |
| 22 Mar 2024 | £90,897 | £89,500 | 6 MARION STREET |
| 14 Dec 2023 | £84,600 | £82,000 | 82 HONEYWELL LANE |
| 29 Sep 2023 | £117,592 | £115,000 | 61 HONEYWELL LANE |
| 4 Aug 2023 | £101,837 | £100,000 | 55 HONEYWELL LANE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 22 Oct 2019. Using an estimated price of £48,181 means this house is valued at £688 per sq meter (£63 per sq foot).
The average size of a house on MARION STREET is 79 sq meters (857 sq feet).