£64,416
This estimated value is based upon the latest sale price for the house of £23,000 on 31 Jul 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£23,000 | 31 Jul 2002 |
Terraced |
Freehold |
Floor Area: 70 sq meters or 753 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 2002 the House Price Index for GREATER MANCHESTER was 53.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 180.072%.Applying this 180.072% change to the original purchase price of £23,000 results in an estimated price of approximately £64,416.
31 Jul 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
53.1 | 148.6 | 180.072 % | £23,000 | £41,416 | £64,416 |
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 | 295.944 % | £68,067 | £91,067 |
3 Month Average | 285.280 % | £65,614 | £88,614 |
6 Month Average | 276.149 % | £63,514 | £86,514 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £201,765 | £200,000 | 54 MANSFIELD STREET |
28 Feb 2023 | £119,919 | £120,000 | 100 BIRCH STREET |
5 Aug 2022 | £184,503 | £185,000 | 138 POTTINGER STREET |
1 Apr 2022 | £190,513 | £185,000 | 61 MANSFIELD STREET |
25 Mar 2022 | £129,533 | £125,000 | 72 MANSFIELD STREET |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 13 Sep 2012. Using an estimated price of £64,417 means this house is valued at £920 per sq meter (£85 per sq foot).
The average size of a house on PELHAM STREET is 78 sq meters (840 sq feet).