£62,069
This estimated value is based upon the latest sale price for the house of £50,000 on 2 Nov 2018. 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 | 2 Nov 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 November 2018 the House Price Index for GREATER MANCHESTER was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.139%.Applying this 24.139% change to the original purchase price of £50,000 results in an estimated price of approximately £62,069.
| 2 Nov 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.139 % | £50,000 | £12,069 | £62,069 |
The Postcode Pricing Model uses changes in average sales price within the SK3 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 | 26.209 % | £13,104 | £63,104 |
| 3 Month Average | 30.908 % | £15,454 | £65,454 |
| 6 Month Average | 26.983 % | £13,491 | £63,491 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £121,695 | £119,500 | 19 GREEK STREET |
| 3 Nov 2022 | £119,939 | £120,500 | 65 WELLINGTON ROAD SOUTH |
| 12 Aug 2022 | £190,893 | £190,000 | 22 THOMSON STREET |
| 14 Jan 2022 | £106,020 | £100,000 | FLAT 15 ARDEN BUILDINGS, 2 THOMSON STREET |
| 17 Dec 2021 | £188,879 | £175,000 | 80 WELLINGTON ROAD SOUTH |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 20 Jan 2018. Using an estimated price of £62,069 means this house is valued at £1,128 per sq meter (£104 per sq foot).
The average size of a house on THOMSON STREET is 66 sq meters (717 sq feet).