£93,330
This estimated value is based upon the latest sale price for the house of £75,000 on 1 Feb 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £75,000 | 1 Feb 2019 |
| £78,500 | 30 Nov 2006 |
| Terraced |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £75,000 results in an estimated price of approximately £93,330.
| 1 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.441 % | £75,000 | £18,330 | £93,330 |
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 | 49.966 % | £37,474 | £112,474 |
| 3 Month Average | 35.477 % | £26,607 | £101,607 |
| 6 Month Average | 38.059 % | £28,544 | £103,544 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £132,897 | £130,500 | 25 RANDOLPH STREET |
| 9 Jun 2023 | £117,352 | £115,000 | 4 CUMMINGS STREET |
| 24 Mar 2023 | £130,174 | £128,000 | 684 HOLLINS ROAD |
| 27 Feb 2023 | £81,545 | £81,000 | 9 CUMMINGS STREET |
| 13 Jan 2023 | £120,321 | £120,000 | 3 WALKERS ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 7 Oct 2013. Using an estimated price of £93,331 means this house is valued at £1,481 per sq meter (£137 per sq foot).
The average size of a house on CUMMINGS STREET is 75 sq meters (812 sq feet).