£114,890
This estimated value is based upon the latest sale price for the house of £110,000 on 4 Feb 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £110,000 | 4 Feb 2022 |
| £74,500 | 15 Sep 2006 |
| Terraced |
| Leasehold |
| Floor Area: 106 sq meters or 1,140 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 2022 the House Price Index for GREATER MANCHESTER was 141.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.446%.Applying this 4.446% change to the original purchase price of £110,000 results in an estimated price of approximately £114,890.
| 4 Feb 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.0 | 4.446 % | £110,000 | £4,890 | £114,890 |
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 | -53.714 % | £-59,085 | £50,914 |
| 3 Month Average | 52.344 % | £57,578 | £167,578 |
| 6 Month Average | 6.461 % | £7,106 | £117,106 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £131,298 | £130,500 | 25 RANDOLPH STREET |
| 9 Jun 2023 | £115,940 | £115,000 | 4 CUMMINGS STREET |
| 24 Mar 2023 | £128,696 | £128,000 | 684 HOLLINS ROAD |
| 27 Feb 2023 | £80,619 | £81,000 | 9 CUMMINGS STREET |
| 13 Jan 2023 | £118,955 | £120,000 | 3 WALKERS ROAD |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 23 Feb 2016. Using an estimated price of £114,891 means this house is valued at £1,083 per sq meter (£100 per sq foot).
The average size of a house on RANDOLPH STREET is 92 sq meters (995 sq feet).