£138,219
This estimated value is based upon the latest sale price for the house of £113,000 on 29 May 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £113,000 | 29 May 2020 |
| £33,500 | 15 Aug 1997 |
| £12,000 | 2 Apr 1997 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 May 2020 the House Price Index for GREATER MANCHESTER was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.318%.Applying this 22.318% change to the original purchase price of £113,000 results in an estimated price of approximately £138,219.
| 29 May 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.318 % | £113,000 | £25,219 | £138,219 |
The Postcode Pricing Model uses changes in average sales price within the OL7 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 | 96.858 % | £109,449 | £222,449 |
| 3 Month Average | 50.741 % | £57,337 | £170,337 |
| 6 Month Average | 34.268 % | £38,722 | £151,722 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £105,927 | £105,000 | 214 OLDHAM ROAD |
| 14 Aug 2023 | £146,280 | £145,000 | 109 ELGIN STREET |
| 8 Aug 2022 | £189,490 | £190,000 | 122 MINTO STREET |
| 19 Apr 2022 | £133,874 | £130,000 | 59 ELGIN STREET |
| 18 Mar 2022 | £259,066 | £250,000 | 157 OLDHAM ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 5 Aug 2014. Using an estimated price of £138,219 means this house is valued at £1,842 per sq meter (£171 per sq foot).
The average size of a house on ELGIN STREET is 83 sq meters (895 sq feet).