£141,322
This estimated value is based upon the latest sale price for the house of £25,000 on 24 May 1996. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £25,000 | 24 May 1996 |
| Terraced |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 1996 the House Price Index for GREATER MANCHESTER was 26.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 465.290%.Applying this 465.290% change to the original purchase price of £25,000 results in an estimated price of approximately £141,322.
| 24 May 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 149.7 | 465.290 % | £25,000 | £116,322 | £141,322 |
The Postcode Pricing Model uses changes in average sales price within the SK3 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 | 494.124 % | £123,531 | £148,531 |
| 3 Month Average | 475.045 % | £118,761 | £143,761 |
| 6 Month Average | 467.095 % | £116,773 | £141,773 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Aug 2024 | £200,000 | £200,000 | 37 STOPFORD STREET |
| 9 Nov 2023 | £210,339 | £205,000 | 50 OLD CHAPEL STREET |
| 27 Oct 2023 | £182,137 | £178,000 | 51 BULKELEY STREET |
| 7 Sep 2023 | £186,614 | £182,500 | 15 DERBY STREET |
| 3 Mar 2023 | £589,851 | £580,000 | 56 CASTLE STREET |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 30 Aug 2016. Using an estimated price of £141,322 means this house is valued at £1,990 per sq meter (£184 per sq foot).
The average size of a house on OLD CHAPEL STREET is 76 sq meters (826 sq feet).