£115,710
This estimated value is based upon the latest sale price for the house of £57,000 on 28 May 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £57,000 | 28 May 2004 |
| Terraced |
| Freehold |
| Floor Area: 50 sq meters or 538 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 May 2004 the House Price Index for GREATER MANCHESTER was 73.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 103.002%.Applying this 103.002% change to the original purchase price of £57,000 results in an estimated price of approximately £115,710.
| 28 May 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 149.7 | 103.002 % | £57,000 | £58,710 | £115,710 |
The Postcode Pricing Model uses changes in average sales price within the OL6 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 | 137.345 % | £78,286 | £135,286 |
| 3 Month Average | 126.565 % | £72,142 | £129,142 |
| 6 Month Average | 127.311 % | £72,567 | £129,567 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £134,121 | £130,000 | 106 PRINCESS STREET |
| 7 Nov 2023 | £135,438 | £132,000 | 86 PRINCESS STREET |
| 24 Apr 2023 | £125,854 | £123,500 | 81 PRINCESS STREET |
| 17 Mar 2023 | £127,123 | £125,000 | 98 PRINCESS STREET |
| 6 Feb 2023 | £85,572 | £85,000 | 122 ALEXANDRA STREET |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 7 Jun 2021. Using an estimated price of £115,711 means this house is valued at £2,314 per sq meter (£214 per sq foot).
The average size of a house on PRINCESS STREET is 73 sq meters (794 sq feet).