£127,223
This estimated value is based upon the latest sale price for the house of £120,000 on 25 Jan 2022. 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 | 25 Jan 2022 |
| £54,000 | 24 Jun 2016 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 2022 the House Price Index for GREATER MANCHESTER was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £120,000 results in an estimated price of approximately £127,223.
| 25 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 149.7 | 6.020 % | £120,000 | £7,223 | £127,223 |
The Postcode Pricing Model uses changes in average sales price within the M40 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 | -13.561 % | £-16,272 | £103,727 |
| 3 Month Average | 1.834 % | £2,201 | £122,201 |
| 6 Month Average | 26.221 % | £31,465 | £151,465 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £90,764 | £87,975 | 15 STOVELL ROAD |
| 25 Sep 2023 | £107,367 | £105,000 | 31 STOVELL ROAD |
| 1 Sep 2023 | £135,487 | £132,500 | 5 STOVELL ROAD |
| 29 Nov 2022 | £124,418 | £125,000 | 66 HINDE STREET |
| 18 Nov 2022 | £136,362 | £137,000 | 26 FOLD STREET |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 23 Jan 2017. Using an estimated price of £127,224 means this house is valued at £1,413 per sq meter (£131 per sq foot).
The average size of a house on FOLD STREET is 76 sq meters (828 sq feet).