£161,602
This estimated value is based upon the latest sale price for the house of £157,500 on 24 Nov 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£157,500 | 24 Nov 2023 |
Terraced |
Leasehold |
Floor Area: 65 sq meters or 699 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 November 2023 the House Price Index for GREATER MANCHESTER was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £157,500 results in an estimated price of approximately £161,602.
24 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.9 | 149.7 | 2.605 % | £157,500 | £4,102 | £161,602 |
The Postcode Pricing Model uses changes in average sales price within the OL10 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 | 64.610 % | £101,760 | £259,260 |
3 Month Average | -1.375 % | £-2,166 | £155,333 |
6 Month Average | 2.529 % | £3,982 | £161,482 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £161,602 | £157,500 | 33 GORTON STREET |
10 Nov 2023 | £106,709 | £104,000 | 31 PROMENADE STREET |
10 Oct 2023 | £148,370 | £145,000 | 53 PROMENADE STREET |
28 Feb 2023 | £110,740 | £110,000 | 163 ADELAIDE STREET EAST |
13 Jan 2023 | £173,463 | £173,000 | 30 GORTON STREET |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 29 Oct 2015. Using an estimated price of £161,602 means this house is valued at £2,486 per sq meter (£230 per sq foot).
The average size of a house on GORTON STREET is 80 sq meters (865 sq feet).