£173,799
This estimated value is based upon the latest sale price for the house of £135,000 on 21 Apr 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £135,000 | 21 Apr 2017 |
| £31,000 | 21 Jul 1995 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 April 2017 the House Price Index for GREATER MANCHESTER was 115.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 28.740%.Applying this 28.740% change to the original purchase price of £135,000 results in an estimated price of approximately £173,799.
| 21 Apr 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 148.0 | 28.740 % | £135,000 | £38,799 | £173,799 |
The Postcode Pricing Model uses changes in average sales price within the SK5 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 | 49.703 % | £67,098 | £202,098 |
| 3 Month Average | 35.114 % | £47,404 | £182,404 |
| 6 Month Average | 52.291 % | £70,593 | £205,593 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £200,068 | £197,500 | 14 SPENCER STREET |
| 24 Mar 2023 | £191,033 | £190,000 | 2 MELBOURNE STREET |
| 7 Sep 2022 | £213,405 | £216,000 | 25 MELBOURNE STREET |
| 15 Jul 2022 | £304,588 | £305,000 | 18 AINSDALE GROVE |
| 27 Jun 2022 | £202,048 | £200,000 | 33 SPENCER STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 16 Feb 2017. Using an estimated price of £173,800 means this house is valued at £2,518 per sq meter (£234 per sq foot).
The average size of a house on MELBOURNE STREET is 79 sq meters (859 sq feet).