£103,540
This estimated value is based upon the latest sale price for the house of £82,500 on 31 Jan 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £82,500 | 31 Jan 2018 |
| £65,000 | 22 Mar 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 January 2018 the House Price Index for GREATER MANCHESTER was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £82,500 results in an estimated price of approximately £103,540.
| 31 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £82,500 | £21,040 | £103,540 |
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 | -10.976 % | £-9,055 | £73,444 |
| 3 Month Average | 21.484 % | £17,724 | £100,224 |
| 6 Month Average | 25.329 % | £20,896 | £103,396 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £167,938 | £165,000 | 39 WESTON AVENUE |
| 21 Sep 2023 | £116,489 | £115,000 | 68 BUERSIL AVENUE |
| 1 Sep 2023 | £121,554 | £120,000 | 45 BROAD LANE |
| 21 Jul 2023 | £162,183 | £160,000 | 9 STIUPS LANE |
| 7 Jun 2023 | £218,649 | £216,000 | 38 BUERSIL AVENUE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 11 May 2012. Using an estimated price of £103,541 means this house is valued at £1,247 per sq meter (£115 per sq foot).
The average size of a house on WELBECK ROAD is 107 sq meters (1,154 sq feet).