£160,328
This estimated value is based upon the latest sale price for the house of £64,950 on 7 Feb 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £64,950 | 7 Feb 2003 |
| Semi-Detached |
| Leasehold |
| Floor Area: 54 sq meters or 590 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 2003 the House Price Index for GREATER MANCHESTER was 60.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 146.849%.Applying this 146.849% change to the original purchase price of £64,950 results in an estimated price of approximately £160,328.
| 7 Feb 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.6 | 149.7 | 146.849 % | £64,950 | £95,378 | £160,328 |
The Postcode Pricing Model uses changes in average sales price within the OL1 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 | 103.742 % | £67,380 | £132,330 |
| 3 Month Average | 177.747 % | £115,446 | £180,396 |
| 6 Month Average | 186.243 % | £120,965 | £185,915 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £149,597 | £145,000 | 5 MELLODEW DRIVE |
| 9 Mar 2023 | £53,666 | £52,770 | 32 ANGELICO RISE |
| 28 Feb 2023 | £100,672 | £100,000 | 2 GOYA RISE |
| 12 Jul 2022 | £121,215 | £120,000 | 44 WILKES STREET |
| 11 Apr 2022 | £172,212 | £166,000 | 15 MELLODEW DRIVE |
This house has a floor area of 54 sq meters or 590 sq feet when measured on 27 Aug 2009. Using an estimated price of £160,329 means this house is valued at £2,920 per sq meter (£271 per sq foot).
The average size of a house on WILKES STREET is 71 sq meters (765 sq feet).