£123,320
This estimated value is based upon the latest sale price for the house of £93,000 on 18 Aug 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £93,000 | 18 Aug 2016 |
| £89,995 | 22 Aug 2013 |
| Semi-Detached |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 August 2016 the House Price Index for GREATER MANCHESTER was 111.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 32.603%.Applying this 32.603% change to the original purchase price of £93,000 results in an estimated price of approximately £123,320.
| 18 Aug 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.0 | 32.603 % | £93,000 | £30,320 | £123,320 |
The Postcode Pricing Model uses changes in average sales price within the OL1 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 | 78.839 % | £73,320 | £166,320 |
| 3 Month Average | 43.712 % | £40,652 | £133,652 |
| 6 Month Average | 39.595 % | £36,823 | £129,823 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £191,162 | £190,000 | 16 LONDON ROAD |
| 26 Apr 2023 | £158,679 | £157,500 | 11B DERKER STREET |
| 1 Jul 2022 | £159,784 | £160,000 | 31 DERKER STREET |
| 27 May 2022 | £197,942 | £195,000 | 27 LONDON ROAD |
| 14 Jul 2021 | £120,186 | £105,000 | UNIT B THE ACORN CENTRE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 13 Aug 2013. Using an estimated price of £123,321 means this house is valued at £1,957 per sq meter (£181 per sq foot).
The average size of a house on DERKER STREET is 91 sq meters (984 sq feet).