£119,946
This estimated value is based upon the latest sale price for the house of £121,000 on 18 Jan 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£121,000 | 18 Jan 2023 |
£66,500 | 17 Dec 2004 |
Terraced |
Freehold |
Floor Area: 66 sq meters or 710 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 January 2023 the House Price Index for GREATER MANCHESTER was 149.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.871%.Applying this -0.871% change to the original purchase price of £121,000 results in an estimated price of approximately £119,946.
18 Jan 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
149.3 | 148.0 | -0.871 % | £121,000 | £-1,053 | £119,946 |
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 | -20.336 % | £-24,606 | £96,393 |
3 Month Average | -19.556 % | £-23,662 | £97,337 |
6 Month Average | -15.642 % | £-18,926 | £102,073 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Dec 2023 | £122,314 | £120,000 | 120 POTTINGER STREET |
25 Aug 2023 | £201,224 | £200,000 | 54 MANSFIELD STREET |
21 Jul 2023 | £93,888 | £93,000 | 168 TRAFALGAR STREET |
18 Jan 2023 | £119,946 | £121,000 | 131 TRAFALGAR STREET |
4 Nov 2022 | £110,705 | £112,500 | 45 BIRCH STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 5 Jan 2017. Using an estimated price of £119,946 means this house is valued at £1,817 per sq meter (£168 per sq foot).
The average size of a house on TRAFALGAR STREET is 76 sq meters (821 sq feet).