£211,045
This estimated value is based upon the latest sale price for the house of £45,000 on 29 Sep 1998. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£45,000 | 29 Sep 1998 |
Semi-Detached |
Leasehold |
Floor Area: 57 sq meters or 613 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 September 1998 the House Price Index for GREATER MANCHESTER was 31.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 368.991%.Applying this 368.991% change to the original purchase price of £45,000 results in an estimated price of approximately £211,045.
29 Sep 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.9 | 149.7 | 368.991 % | £45,000 | £166,045 | £211,045 |
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 | 289.897 % | £130,453 | £175,453 |
3 Month Average | 333.954 % | £150,279 | £195,279 |
6 Month Average | 304.520 % | £137,034 | £182,034 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Feb 2023 | £352,354 | £350,000 | 20 MIDDLE GATE |
3 May 2022 | £251,553 | £245,000 | 40 MIDDLE GATE |
27 Sep 2021 | £219,285 | £202,000 | 8 FAIRFIELDS |
14 Jul 2021 | £272,077 | £235,000 | 8 MEADOW LANE |
7 Dec 2020 | £215,541 | £186,420 | 77 NORTH GATE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 14 Sep 2018. Using an estimated price of £211,046 means this house is valued at £3,702 per sq meter (£343 per sq foot).
The average size of a house on NORTH GATE is 76 sq meters (824 sq feet).