£253,565
This estimated value is based upon the latest sale price for the house of £205,000 on 31 Aug 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £205,000 | 31 Aug 2018 |
| £89,950 | 18 Jan 2002 |
| Semi-Detached |
| Freehold |
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 August 2018 the House Price Index for GREATER MANCHESTER was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £205,000 results in an estimated price of approximately £253,565.
| 31 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £205,000 | £48,565 | £253,565 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 33.283 % | £68,230 | £273,230 |
| 3 Month Average | 30.055 % | £61,612 | £266,612 |
| 6 Month Average | 33.328 % | £68,321 | £273,321 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £197,526 | £195,000 | 45 TOWNLEY ROAD |
| 16 Aug 2023 | £181,589 | £180,000 | 2 LOW HOUSE CLOSE |
| 23 Jun 2023 | £293,505 | £289,950 | 9 LOW HOUSE CLOSE |
| 2 Feb 2023 | £249,832 | £250,000 | 23 TOWNLEY ROAD |
| 25 Nov 2022 | £286,529 | £290,000 | 144 KILN LANE |