£104,517
This estimated value is based upon the latest sale price for the house of £50,000 on 5 Mar 2004. 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 | 5 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 98 sq meters or 1,061 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 March 2004 the House Price Index for GREATER MANCHESTER was 71.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 109.035%.Applying this 109.035% change to the original purchase price of £50,000 results in an estimated price of approximately £104,517.
| 5 Mar 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 71.1 | 148.6 | 109.035 % | £50,000 | £54,517 | £104,517 |
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 | 368.473 % | £184,236 | £234,236 |
| 3 Month Average | 125.006 % | £62,503 | £112,503 |
| 6 Month Average | 133.519 % | £66,759 | £116,759 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £121,803 | £120,000 | 657 RIPPONDEN ROAD |
| 29 Aug 2023 | £79,697 | £79,000 | 623 RIPPONDEN ROAD |
| 14 Jul 2023 | £314,229 | £310,000 | 2 EMERALD DRIVE |
| 7 Jul 2023 | £118,596 | £117,000 | 629 RIPPONDEN ROAD |
| 8 Jun 2023 | £111,349 | £110,000 | 620 RIPPONDEN ROAD |
This house has a floor area of 98 sq meters or 1,061 sq feet when measured on 14 Sep 2011. Using an estimated price of £104,517 means this house is valued at £1,060 per sq meter (£98 per sq foot).