£157,015
This estimated value is based upon the latest sale price for the house of £155,000 on 6 Nov 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £155,000 | 6 Nov 2023 |
| £122,500 | 6 Dec 2019 |
| £98,000 | 23 Mar 2018 |
| £88,000 | 20 Aug 2010 |
| £52,000 | 7 May 2010 |
| Terraced |
| Leasehold |
| Floor Area: 76 sq meters or 822 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 November 2023 the House Price Index for GREATER MANCHESTER was 146.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.300%.Applying this 1.300% change to the original purchase price of £155,000 results in an estimated price of approximately £157,015.
| 6 Nov 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.1 | 148.0 | 1.300 % | £155,000 | £2,015 | £157,015 |
The Postcode Pricing Model uses changes in average sales price within the BL8 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 | 56.349 % | £87,341 | £242,341 |
| 3 Month Average | -4.723 % | £-7,321 | £147,678 |
| 6 Month Average | -7.234 % | £-11,212 | £143,787 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £150,508 | £150,000 | 47 WHARFSIDE APARTMENTS PROSPECT TERRACE |
| 6 Nov 2023 | £157,016 | £155,000 | 2 PROSPECT TERRACE |
| 7 Jul 2023 | £152,442 | £151,000 | 21 WHARFSIDE APARTMENTS PROSPECT TERRACE |
| 23 Jun 2023 | £161,308 | £160,000 | 7 WHARFSIDE APARTMENTS PROSPECT TERRACE |
| 15 Mar 2023 | £158,356 | £157,500 | 5 WHARFSIDE APARTMENTS PROSPECT TERRACE |
This house has a floor area of 76 sq meters or 822 sq feet when measured on 25 Feb 2010. Using an estimated price of £157,016 means this house is valued at £2,055 per sq meter (£190 per sq foot).
The average size of a house on PROSPECT TERRACE is 98 sq meters (1,062 sq feet).