£48,218
This estimated value is based upon the latest sale price for the house of £49,000 on 21 Nov 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£49,000 | 21 Nov 2022 |
£67,000 | 11 Jul 2019 |
Flats/Maisonettes |
Leasehold |
Floor Area: 21 sq meters or 226 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 2022 the House Price Index for GREATER MANCHESTER was 150.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -1.596%.Applying this -1.596% change to the original purchase price of £49,000 results in an estimated price of approximately £48,218.
21 Nov 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
150.4 | 148.0 | -1.596 % | £49,000 | £-781 | £48,218 |
The Postcode Pricing Model uses changes in average sales price within the OL1 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 | 64.520 % | £31,614 | £80,614 |
3 Month Average | -28.372 % | £-13,902 | £35,097 |
6 Month Average | -16.955 % | £-8,307 | £40,692 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Nov 2022 | £48,218 | £49,000 | APARTMENT 503 CARDINAL COURT SCHOLES STREET |
17 Jul 2020 | £55,399 | £46,000 | APARTMENT 811 CARDINAL COURT SCHOLES STREET |
17 Jul 2020 | £50,100 | £41,600 | APARTMENT 201 CARDINAL COURT SCHOLES STREET |
17 Jul 2020 | £55,399 | £46,000 | APARTMENT 608 CARDINAL COURT SCHOLES STREET |
27 Apr 2020 | £85,405 | £69,854 | APARTMENT 516 CARDINAL COURT SCHOLES STREET |
This house has a floor area of 21 sq meters or 226 sq feet when measured on 13 Sep 2018. Using an estimated price of £48,218 means this house is valued at £2,296 per sq meter (£213 per sq foot).
The average size of a house on SCHOLES STREET is 29 sq meters (319 sq feet).