£319,126
This estimated value is based upon the latest sale price for the house of £186,000 on 6 Aug 2012. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £186,000 | 6 Aug 2012 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 August 2012 the House Price Index for GREATER MANCHESTER was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.573%.Applying this 71.573% change to the original purchase price of £186,000 results in an estimated price of approximately £319,126.
| 6 Aug 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.573 % | £186,000 | £133,126 | £319,126 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | 83.477 % | £155,267 | £341,267 |
| 3 Month Average | 62.028 % | £115,372 | £301,372 |
| 6 Month Average | 64.517 % | £120,001 | £306,001 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £121,051 | £120,000 | 12 FAITH STREET |
| 27 Oct 2023 | £173,951 | £170,000 | 33 NORMANDALE AVENUE |
| 5 Oct 2023 | £421,575 | £412,000 | 610 CHORLEY OLD ROAD |
| 1 Sep 2023 | £265,861 | £260,000 | 27 RAWLYN ROAD |
| 17 Feb 2023 | £190,271 | £189,000 | 654 CHORLEY OLD ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 28 Apr 2012. Using an estimated price of £319,126 means this house is valued at £3,468 per sq meter (£322 per sq foot).