£240,188
This estimated value is based upon the latest sale price for the house of £193,000 on 11 Jan 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £193,000 | 11 Jan 2019 |
| £149,000 | 24 Jul 2009 |
| £149,000 | 24 Jul 2009 |
| £59,950 | 23 Oct 1998 |
| £50,000 | 28 Jun 1996 |
| Semi-Detached |
| Leasehold |
| Floor Area: 101 sq meters or 1,087 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 January 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.450%.Applying this 24.450% change to the original purchase price of £193,000 results in an estimated price of approximately £240,188.
| 11 Jan 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.450 % | £193,000 | £47,188 | £240,188 |
The Postcode Pricing Model uses changes in average sales price within the OL10 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 | 85.596 % | £165,199 | £358,199 |
| 3 Month Average | 38.877 % | £75,031 | £268,031 |
| 6 Month Average | 39.053 % | £75,372 | £268,372 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Apr 2024 | £122,564 | £121,500 | 40 MARLBOROUGH STREET |
| 8 Dec 2023 | £237,291 | £230,000 | 21 SYCAMORE AVENUE |
| 18 Aug 2023 | £250,518 | £246,000 | 40 SYCAMORE AVENUE |
| 2 Mar 2023 | £58,477 | £57,500 | 24 BYNG STREET |
| 2 Mar 2023 | £121,021 | £119,000 | 34 MARLBOROUGH STREET |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 2 Nov 2018. Using an estimated price of £240,188 means this house is valued at £2,378 per sq meter (£220 per sq foot).
The average size of a house on LORRAINE CLOSE is 121 sq meters (1,310 sq feet).