£197,042
This estimated value is based upon the latest sale price for the house of £125,000 on 24 Jul 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £125,000 | 24 Jul 2007 |
| £129,950 | 28 Mar 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 July 2007 the House Price Index for GREATER MANCHESTER was 94.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.634%.Applying this 57.634% change to the original purchase price of £125,000 results in an estimated price of approximately £197,042.
| 24 Jul 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 148.6 | 57.634 % | £125,000 | £72,042 | £197,042 |
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 | 61.399 % | £76,749 | £201,749 |
| 3 Month Average | 59.161 % | £73,950 | £198,950 |
| 6 Month Average | 48.436 % | £60,545 | £185,545 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jul 2023 | £116,569 | £115,000 | 2 MARGARET STREET |
| 20 Feb 2023 | £174,882 | £175,000 | 25 PORTLAND PLACE |
| 4 Aug 2022 | £109,705 | £110,000 | 4B MARGARET STREET |
| 27 Jun 2022 | £177,509 | £175,000 | 2 WELBECK STREET SOUTH |
| 31 Jan 2022 | £169,438 | £161,000 | 28 PORTLAND PLACE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 25 May 2017. Using an estimated price of £197,043 means this house is valued at £3,717 per sq meter (£345 per sq foot).
The average size of a house on WELBECK STREET SOUTH is 59 sq meters (642 sq feet).