£70,425
This estimated value is based upon the latest sale price for the house of £52,500 on 29 Jul 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £52,500 | 29 Jul 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 69 sq meters or 745 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 July 2016 the House Price Index for GREATER MANCHESTER was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £52,500 results in an estimated price of approximately £70,425.
| 29 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.143 % | £52,500 | £17,925 | £70,425 |
The Postcode Pricing Model uses changes in average sales price within the SK2 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 | -14.319 % | £-7,517 | £44,982 |
| 3 Month Average | 32.740 % | £17,188 | £69,688 |
| 6 Month Average | 43.226 % | £22,693 | £75,193 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 May 2024 | £150,000 | £150,000 | 121 STANSBURY PLACE |
| 13 Nov 2023 | £164,167 | £160,000 | 64 HODDER BANK |
| 15 Sep 2023 | £107,367 | £105,000 | 96 ORMS GILL PLACE |
| 11 Aug 2023 | £157,847 | £155,000 | 75 HARDBERRY PLACE |
| 27 Feb 2023 | £151,009 | £150,000 | 55 TANHILL CLOSE |
This house has a floor area of 69 sq meters or 745 sq feet when measured on 28 Mar 2012. Using an estimated price of £70,425 means this house is valued at £1,016 per sq meter (£94 per sq foot).
The average size of a house on ORMS GILL PLACE is 86 sq meters (925 sq feet).