£98,938
This estimated value is based upon the latest sale price for the house of £61,500 on 25 May 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £61,500 | 25 May 2007 |
| £30,000 | 18 Apr 1997 |
| Terraced |
| Leasehold |
| Floor Area: 127 sq meters or 1,367 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 May 2007 the House Price Index for GREATER MANCHESTER was 93.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.875%.Applying this 60.875% change to the original purchase price of £61,500 results in an estimated price of approximately £98,938.
| 25 May 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 149.7 | 60.875 % | £61,500 | £37,438 | £98,938 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | 46.516 % | £28,607 | £90,107 |
| 3 Month Average | 43.543 % | £26,778 | £88,278 |
| 6 Month Average | 44.237 % | £27,205 | £88,705 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £90,292 | £88,000 | 44 RALSTONE AVENUE |
| 7 Sep 2023 | £95,608 | £93,500 | 2A RALSTONE AVENUE |
| 24 Mar 2023 | £101,698 | £100,000 | 73 VILLA ROAD |
| 3 Dec 2021 | £124,120 | £115,000 | 25 CRETE STREET |
| 18 Aug 2021 | £61,813 | £55,000 | 26 RALSTONE AVENUE |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 10 Dec 2016. Using an estimated price of £98,938 means this house is valued at £779 per sq meter (£72 per sq foot).
The average size of a house on CRETE STREET is 105 sq meters (1,130 sq feet).