£121,854
This estimated value is based upon the latest sale price for the house of £100,000 on 13 Feb 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £100,000 | 13 Feb 2020 |
| £87,000 | 23 Mar 2007 |
| Terraced |
| Leasehold |
| 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 February 2020 the House Price Index for GREATER MANCHESTER was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.855%.Applying this 21.855% change to the original purchase price of £100,000 results in an estimated price of approximately £121,854.
| 13 Feb 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.855 % | £100,000 | £21,854 | £121,854 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | -43.526 % | £-43,525 | £56,474 |
| 3 Month Average | 32.786 % | £32,786 | £132,786 |
| 6 Month Average | 15.228 % | £15,227 | £115,227 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £131,298 | £130,500 | 25 RANDOLPH STREET |
| 10 Jul 2023 | £136,289 | £135,000 | 18 SEVENTH AVENUE |
| 9 Jun 2023 | £115,940 | £115,000 | 4 CUMMINGS STREET |
| 27 Feb 2023 | £80,619 | £81,000 | 9 CUMMINGS STREET |
| 16 Feb 2023 | £117,395 | £117,950 | 587 HOLLINS ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 11 Jul 2019. Using an estimated price of £121,855 means this house is valued at £1,624 per sq meter (£150 per sq foot).
There is one other house on the street which we know the size of, this is 4 FIFTH AVENUE it is 72.0