£67,264
This estimated value is based upon the latest sale price for the house of £50,000 on 31 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 |
|---|---|
| £50,000 | 31 Mar 2016 |
| £27,950 | 13 Aug 1999 |
| Terraced |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 Apr 2024 is 148.0 which is a change of 34.528%.Applying this 34.528% change to the original purchase price of £50,000 results in an estimated price of approximately £67,264.
| 31 Mar 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.0 | 34.528 % | £50,000 | £17,264 | £67,264 |
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 | -24.709 % | £-12,354 | £37,645 |
| 3 Month Average | 69.796 % | £34,898 | £84,898 |
| 6 Month Average | 56.816 % | £28,407 | £78,407 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £89,803 | £89,500 | 6 MARION STREET |
| 14 Dec 2023 | £83,581 | £82,000 | 82 HONEYWELL LANE |
| 4 Aug 2023 | £100,612 | £100,000 | 55 HONEYWELL LANE |
| 4 Aug 2023 | £100,612 | £100,000 | 19 KENYON AVENUE |
| 13 Jan 2023 | £146,216 | £147,500 | 71 HONEYWELL LANE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 30 Jun 2014. Using an estimated price of £67,264 means this house is valued at £885 per sq meter (£82 per sq foot).
The average size of a house on URMSON STREET is 80 sq meters (869 sq feet).