£41,014
This estimated value is based upon the latest sale price for the house of £19,000 on 7 Jan 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £19,000 | 7 Jan 2004 |
| £24,000 | 1 Feb 1996 |
| Terraced |
| Leasehold |
| Floor Area: 72 sq meters or 775 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 2004 the House Price Index for GREATER MANCHESTER was 69.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 115.867%.Applying this 115.867% change to the original purchase price of £19,000 results in an estimated price of approximately £41,014.
| 7 Jan 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 69.3 | 149.7 | 115.867 % | £19,000 | £22,014 | £41,014 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 124.455 % | £23,646 | £42,646 |
| 3 Month Average | 126.369 % | £24,010 | £43,010 |
| 6 Month Average | 145.590 % | £27,662 | £46,662 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2023 | £127,818 | £125,000 | 8 WIDDOWS STREET |
| 16 Aug 2023 | £109,984 | £108,000 | 40 CLIFFORD STREET |
| 27 Mar 2023 | £101,698 | £100,000 | 10 WIDDOWS STREET |
| 6 Mar 2023 | £137,293 | £135,000 | 41 CLIFFORD STREET |
| 5 Aug 2022 | £78,366 | £78,000 | 165 CHAPEL STREET |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 10 Feb 2016. Using an estimated price of £41,015 means this house is valued at £569 per sq meter (£52 per sq foot).
The average size of a house on MILL LANE is 87 sq meters (943 sq feet).