£167,023
This estimated value is based upon the latest sale price for the house of £165,000 on 30 Jun 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £165,000 | 30 Jun 2023 |
| £92,000 | 13 Nov 2015 |
| £25,000 | 28 Jul 1995 |
| Terraced |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 2023 the House Price Index for GREATER MANCHESTER was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £165,000 results in an estimated price of approximately £167,023.
| 30 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.6 | 1.226 % | £165,000 | £2,023 | £167,023 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | -19.767 % | £-32,614 | £132,385 |
| 3 Month Average | 9.990 % | £16,483 | £181,483 |
| 6 Month Average | 4.272 % | £7,048 | £172,048 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £132,315 | £130,000 | 21 GLEN AVENUE |
| 10 Nov 2023 | £116,728 | £115,000 | 317 WILLOWS LANE |
| 30 Jun 2023 | £167,023 | £165,000 | 10 GREENHILL AVENUE |
| 6 Jan 2023 | £69,672 | £70,000 | 323 WILLOWS LANE |
| 3 Feb 2022 | £114,308 | £109,000 | 315 WILLOWS LANE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 24 Aug 2015. Using an estimated price of £167,023 means this house is valued at £1,942 per sq meter (£180 per sq foot).
The average size of a house on GREENHILL AVENUE is 107 sq meters (1,162 sq feet).