£67,951
This estimated value is based upon the latest sale price for the house of £55,000 on 14 Jun 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £55,000 | 14 Jun 2019 |
| Terraced |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 June 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £55,000 results in an estimated price of approximately £67,951.
| 14 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £55,000 | £12,951 | £67,951 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 41.461 % | £22,803 | £77,803 |
| 3 Month Average | 47.459 % | £26,102 | £81,102 |
| 6 Month Average | 38.965 % | £21,430 | £76,430 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £146,878 | £145,000 | 88 NEW BARN LANE |
| 11 Aug 2023 | £115,006 | £114,000 | 2 GALES TERRACE |
| 5 Apr 2023 | £82,893 | £82,000 | 49 NEW BARN LANE |
| 24 Mar 2023 | £179,693 | £178,000 | 33 HIGH BARN CLOSE |
| 23 Feb 2023 | £149,899 | £150,000 | 9 DUNSTERVILLE TERRACE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 17 Apr 2018. Using an estimated price of £67,952 means this house is valued at £999 per sq meter (£92 per sq foot).
The average size of a house on GALES TERRACE is 105 sq meters (1,130 sq feet).