£62,135
This estimated value is based upon the latest sale price for the house of £50,000 on 17 Dec 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £50,000 | 17 Dec 2018 |
| Terraced |
| Leasehold |
| Floor Area: 81 sq meters or 871 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 December 2018 the House Price Index for GREATER MANCHESTER was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £50,000 results in an estimated price of approximately £62,135.
| 17 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £50,000 | £12,135 | £62,135 |
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 | 44.827 % | £22,413 | £72,413 |
| 3 Month Average | 50.251 % | £25,125 | £75,125 |
| 6 Month Average | 42.765 % | £21,382 | £71,382 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £127,743 | £124,500 | 46 COPSTER HILL ROAD |
| 18 Aug 2023 | £104,892 | £103,000 | 112 COPSTER HILL ROAD |
| 27 Jan 2023 | £180,482 | £180,000 | KEY WORKS WILSON STREET |
| 15 Jul 2022 | £80,810 | £80,000 | 73 LUNE STREET |
| 10 Jun 2022 | £116,490 | £114,000 | 7 LUNE STREET |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 17 Oct 2018. Using an estimated price of £62,136 means this house is valued at £767 per sq meter (£71 per sq foot).
The average size of a house on LUNE STREET is 89 sq meters (960 sq feet).