£238,128
This estimated value is based upon the latest sale price for the house of £175,000 on 21 Mar 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £175,000 | 21 Mar 2016 |
| £170,000 | 16 Aug 2011 |
| Semi-Detached |
| Leasehold |
| Floor Area: 118 sq meters or 1,275 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 March 2016 the House Price Index for GREATER MANCHESTER was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £175,000 results in an estimated price of approximately £238,128.
| 21 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £175,000 | £63,128 | £238,128 |
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 | 99.083 % | £173,394 | £348,394 |
| 3 Month Average | 68.941 % | £120,647 | £295,647 |
| 6 Month Average | 48.786 % | £85,374 | £260,374 |
| 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 118 sq meters or 1,275 sq feet when measured on 16 Feb 2011. Using an estimated price of £238,129 means this house is valued at £2,009 per sq meter (£186 per sq foot).
The average size of a house on LORRAINE CLOSE is 121 sq meters (1,310 sq feet).
This house is the largest in the street with a floor area of 118 sq meters (1,275 sq feet).