£92,007
This estimated value is based upon the latest sale price for the house of £75,000 on 6 Dec 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £75,000 | 6 Dec 2019 |
| £53,000 | 2 Nov 2001 |
| £39,000 | 20 Apr 2000 |
| Terraced |
| Freehold |
| 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 December 2019 the House Price Index for GREATER MANCHESTER was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £75,000 results in an estimated price of approximately £92,007.
| 6 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.676 % | £75,000 | £17,007 | £92,007 |
The Postcode Pricing Model uses changes in average sales price within the SK3 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 | 8.121 % | £6,091 | £81,091 |
| 3 Month Average | 39.948 % | £29,960 | £104,960 |
| 6 Month Average | 24.901 % | £18,675 | £93,675 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Apr 2023 | £168,312 | £166,500 | 167 OLD CHAPEL STREET |
| 24 Mar 2023 | £187,769 | £186,000 | 132 OLD CHAPEL STREET |
| 20 Jan 2023 | £241,363 | £242,500 | 20 TORKINGTON STREET |
| 17 Jun 2022 | £152,150 | £150,000 | 118 OLD CHAPEL STREET |
| 1 Apr 2022 | £195,662 | £190,000 | 4 HARTLEY STREET |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 16 Oct 2019. Using an estimated price of £92,007 means this house is valued at £1,314 per sq meter (£122 per sq foot).
The average size of a house on OLD CHAPEL STREET is 76 sq meters (826 sq feet).