£87,084
This estimated value is based upon the latest sale price for the house of £34,950 on 2 Jan 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £34,950 | 2 Jan 2003 |
| Terraced |
| Leasehold |
| Floor Area: 80 sq meters or 861 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 January 2003 the House Price Index for GREATER MANCHESTER was 60.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 149.169%.Applying this 149.169% change to the original purchase price of £34,950 results in an estimated price of approximately £87,084.
| 2 Jan 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.1 | 149.7 | 149.169 % | £34,950 | £52,134 | £87,084 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 288.209 % | £100,729 | £135,679 |
| 3 Month Average | 249.679 % | £87,262 | £122,212 |
| 6 Month Average | 261.722 % | £91,471 | £126,421 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 May 2024 | £145,000 | £145,000 | 44 GIBRALTAR STREET |
| 31 Aug 2022 | £168,789 | £168,000 | 2 CROSS ORMROD STREET |
| 12 Aug 2022 | £117,550 | £117,000 | 26 GIBRALTAR STREET |
| 2 Feb 2022 | £105,646 | £100,000 | 6 BEACONSFIELD STREET |
| 29 Oct 2021 | £78,027 | £70,000 | 32 BEACONSFIELD STREET |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 12 Nov 2013. Using an estimated price of £87,085 means this house is valued at £1,088 per sq meter (£101 per sq foot).
The average size of a house on GIBRALTAR STREET is 87 sq meters (936 sq feet).