£111,940
This estimated value is based upon the latest sale price for the house of £72,000 on 12 Oct 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £72,000 | 12 Oct 2007 |
| 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 October 2007 the House Price Index for GREATER MANCHESTER was 95.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.473%.Applying this 55.473% change to the original purchase price of £72,000 results in an estimated price of approximately £111,940.
| 12 Oct 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.6 | 148.6 | 55.473 % | £72,000 | £39,940 | £111,940 |
The Postcode Pricing Model uses changes in average sales price within the OL6 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 | -10.826 % | £-7,794 | £64,205 |
| 3 Month Average | 49.334 % | £35,520 | £107,520 |
| 6 Month Average | 43.285 % | £31,165 | £103,165 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Apr 2023 | £99,016 | £97,950 | 16 JERSEY STREET |
| 31 Mar 2023 | £111,046 | £110,000 | 14 JERSEY STREET |
| 31 Mar 2023 | £152,436 | £151,000 | 3 LORD STREET |
| 24 Mar 2023 | £121,646 | £120,500 | 6 MELVILLE STREET |
| 23 Aug 2022 | £127,158 | £127,500 | 58 TURNER LANE |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 22 Apr 2015. Using an estimated price of £111,941 means this house is valued at £1,119 per sq meter (£103 per sq foot).
The average size of a house on UNION STREET is 70 sq meters (757 sq feet).
This house is the largest in the street with a floor area of 100 sq meters (1,076 sq feet).