£164,078
This estimated value is based upon the latest sale price for the house of £94,000 on 31 May 2006. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £94,000 | 31 May 2006 |
| Terraced |
| Freehold |
| Floor Area: 57 sq meters or 613 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 2006 the House Price Index for GREATER MANCHESTER was 85.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 74.552%.Applying this 74.552% change to the original purchase price of £94,000 results in an estimated price of approximately £164,078.
| 31 May 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 148.6 | 74.552 % | £94,000 | £70,078 | £164,078 |
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 | 12.557 % | £11,803 | £105,803 |
| 3 Month Average | 63.665 % | £59,845 | £153,845 |
| 6 Month Average | 55.301 % | £51,982 | £145,982 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2023 | £174,228 | £172,000 | 20 CORKLAND CLOSE |
| 3 Aug 2023 | £108,953 | £108,000 | 8 CORKLAND STREET |
| 6 Jun 2023 | £175,121 | £173,000 | 5 FREDERICK STREET |
| 11 Nov 2022 | £160,061 | £162,000 | 26 CORKLAND CLOSE |
| 28 Oct 2022 | £148,402 | £150,000 | 30 CORKLAND STREET |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 21 Nov 2015. Using an estimated price of £164,079 means this house is valued at £2,878 per sq meter (£267 per sq foot).
The average size of a house on RUTLAND STREET is 67 sq meters (725 sq feet).