£229,156
This estimated value is based upon the latest sale price for the house of £173,000 on 28 Oct 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £173,000 | 28 Oct 2016 |
| £57,500 | 8 Nov 2002 |
| Semi-Detached |
| Leasehold |
| Floor Area: 85 sq meters or 914 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 October 2016 the House Price Index for GREATER MANCHESTER was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £173,000 results in an estimated price of approximately £229,156.
| 28 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £173,000 | £56,156 | £229,156 |
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 | 34.203 % | £59,170 | £232,170 |
| 3 Month Average | 17.135 % | £29,644 | £202,644 |
| 6 Month Average | 29.384 % | £50,833 | £223,833 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £170,000 | £170,000 | 166 ROYDS STREET |
| 24 Apr 2023 | £732,891 | £725,000 | MOSS LODGE KINGS ROAD |
| 12 Jan 2023 | £54,742 | £55,000 | 165 ROYDS STREET |
| 13 Sep 2022 | £243,037 | £245,000 | 8 LONSDALE AVENUE |
| 25 May 2022 | £229,321 | £225,000 | 91 KINGSWAY |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 18 Mar 2016. Using an estimated price of £229,157 means this house is valued at £2,695 per sq meter (£250 per sq foot).
The average size of a house on LONSDALE AVENUE is 112 sq meters (1,207 sq feet).