£17,298
This estimated value is based upon the latest sale price for the house of £10,000 on 23 Feb 2011. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £10,000 | 23 Feb 2011 |
| Semi-Detached |
| Leasehold |
| Floor Area: 95 sq meters or 1,022 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 February 2011 the House Price Index for GREATER MANCHESTER was 86.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.985%.Applying this 72.985% change to the original purchase price of £10,000 results in an estimated price of approximately £17,298.
| 23 Feb 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 149.7 | 72.985 % | £10,000 | £7,298 | £17,298 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 54.306 % | £5,430 | £15,430 |
| 3 Month Average | 61.124 % | £6,112 | £16,112 |
| 6 Month Average | 64.584 % | £6,458 | £16,458 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jul 2024 | £190,000 | £190,000 | 2 VINE PLACE |
| 11 Dec 2023 | £103,169 | £99,999 | 38 MERE LANE |
| 28 Feb 2023 | £151,009 | £150,000 | 27 WILLIAM STREET |
| 24 Feb 2023 | £110,740 | £110,000 | 22 ESSEX STREET |
| 20 Oct 2022 | £149,501 | £150,000 | 19 TWEEDALE STREET |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 15 May 2019. Using an estimated price of £17,299 means this house is valued at £182 per sq meter (£16 per sq foot).
There is one other house on the street which we know the size of, this is 5 MONMOUTH STREET it is 121.0