£61,437
This estimated value is based upon the latest sale price for the house of £50,000 on 23 Jan 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £50,000 | 23 Jan 2020 |
| Terraced |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 2020 the House Price Index for GREATER MANCHESTER was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £50,000 results in an estimated price of approximately £61,437.
| 23 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £50,000 | £11,437 | £61,437 |
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 | 113.318 % | £56,658 | £106,658 |
| 3 Month Average | 45.128 % | £22,563 | £72,563 |
| 6 Month Average | 32.786 % | £16,392 | £66,392 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £107,735 | £105,000 | 23 STUART STREET |
| 28 Apr 2023 | £59,106 | £58,000 | 12 CHELMSFORD STREET |
| 2 Apr 2023 | £66,239 | £65,000 | 92 CHELMSFORD STREET |
| 15 Feb 2022 | £68,670 | £65,000 | 173 LEE STREET |
| 19 Nov 2021 | £108,952 | £100,000 | 30 CHELMSFORD STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 12 Feb 2014. Using an estimated price of £61,437 means this house is valued at £819 per sq meter (£76 per sq foot).
The average size of a house on CHELMSFORD STREET is 96 sq meters (1,034 sq feet).