£194,521
This estimated value is based upon the latest sale price for the house of £36,950 on 21 Feb 1997. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £36,950 | 21 Feb 1997 |
| Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 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 1997 the House Price Index for GREATER MANCHESTER was 28.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 426.445%.Applying this 426.445% change to the original purchase price of £36,950 results in an estimated price of approximately £194,521.
| 21 Feb 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.2 | 148.6 | 426.445 % | £36,950 | £157,571 | £194,521 |
The Postcode Pricing Model uses changes in average sales price within the OL7 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 | 390.613 % | £144,331 | £181,281 |
| 3 Month Average | 388.499 % | £143,550 | £180,500 |
| 6 Month Average | 336.761 % | £124,433 | £161,383 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £126,878 | £125,000 | 6 BRADBURY STREET |
| 7 Jul 2022 | £127,344 | £127,001 | 17 MINTO STREET |
| 10 Jun 2022 | £76,075 | £75,000 | 5 LATCHFORD STREET |
| 31 Mar 2022 | £145,077 | £140,000 | 13 MINTO STREET |
| 16 Nov 2021 | £147,086 | £136,000 | 144 OLDHAM ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 21 Sep 2016. Using an estimated price of £194,521 means this house is valued at £2,372 per sq meter (£220 per sq foot).
The average size of a house on ELGIN STREET is 83 sq meters (895 sq feet).