£132,265
This estimated value is based upon the latest sale price for the house of £41,000 on 16 Nov 2001. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £41,000 | 16 Nov 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 156 sq meters or 1,679 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 2001 the House Price Index for GREATER MANCHESTER was 46.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 222.599%.Applying this 222.599% change to the original purchase price of £41,000 results in an estimated price of approximately £132,265.
| 16 Nov 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.4 | 149.7 | 222.599 % | £41,000 | £91,265 | £132,265 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 176.418 % | £72,331 | £113,331 |
| 3 Month Average | 205.525 % | £84,265 | £125,265 |
| 6 Month Average | 208.599 % | £85,525 | £126,525 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £105,234 | £102,000 | 20 PIONEER STREET |
| 10 Nov 2023 | £164,167 | £160,000 | 1 FIRE STATION YARD |
| 31 Mar 2023 | £98,647 | £97,000 | 114 DRAKE STREET |
| 26 Oct 2022 | £107,640 | £108,000 | 8 BACK DRAKE STREET |
| 26 Oct 2021 | £100,320 | £90,000 | 9 CATON STREET |
This house has a floor area of 156 sq meters or 1,679 sq feet when measured on 9 Jun 2016. Using an estimated price of £132,266 means this house is valued at £847 per sq meter (£78 per sq foot).
The average size of a house on RICHARD STREET is 131 sq meters (1,418 sq feet).
This house is the largest in the street with a floor area of 156 sq meters (1,679 sq feet).