£189,665
This estimated value is based upon the latest sale price for the house of £120,000 on 3 Aug 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £120,000 | 3 Aug 2007 |
| Terraced |
| Leasehold |
| Floor Area: 224 sq meters or 2,411 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 2007 the House Price Index for GREATER MANCHESTER was 94.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.054%.Applying this 58.054% change to the original purchase price of £120,000 results in an estimated price of approximately £189,665.
| 3 Aug 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.7 | 149.7 | 58.054 % | £120,000 | £69,665 | £189,665 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 29.790 % | £35,747 | £155,747 |
| 3 Month Average | 32.508 % | £39,009 | £159,009 |
| 6 Month Average | 40.902 % | £49,082 | £169,082 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 May 2024 | £120,000 | £120,000 | 29 ALDER STREET |
| 8 Sep 2023 | £123,727 | £121,000 | 1 NIGHTINGALES WALK |
| 28 Apr 2023 | £79,079 | £77,600 | 19 BEECHWOOD STREET |
| 28 Apr 2023 | £76,430 | £75,000 | 32 MEREDITH STREET |
| 20 Feb 2023 | £90,605 | £90,000 | 197 RISHTON LANE |
This house has a floor area of 224 sq meters or 2,411 sq feet when measured on 14 Mar 2016. Using an estimated price of £189,665 means this house is valued at £846 per sq meter (£78 per sq foot).
The average size of a house on RISHTON LANE is 109 sq meters (1,174 sq feet).