£164,051
This estimated value is based upon the latest sale price for the house of £111,000 on 16 Feb 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£111,000 | 16 Feb 2015 |
£43,000 | 7 May 2003 |
Terraced |
Leasehold |
Floor Area: 165 sq meters or 1,776 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 February 2015 the House Price Index for GREATER MANCHESTER was 100.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.794%.Applying this 47.794% change to the original purchase price of £111,000 results in an estimated price of approximately £164,051.
16 Feb 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
100.5 | 148.6 | 47.794 % | £111,000 | £53,051 | £164,051 |
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 | 50.536 % | £56,094 | £167,094 |
3 Month Average | 13.390 % | £14,863 | £125,863 |
6 Month Average | 35.254 % | £39,131 | £150,131 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Jun 2023 | £170,060 | £168,000 | 15 COPPY BRIDGE DRIVE |
8 Jun 2023 | £101,224 | £99,998 | 234 ROCHDALE ROAD |
12 Aug 2022 | £109,705 | £110,000 | 244 ROCHDALE ROAD |
29 Apr 2022 | £118,427 | £115,000 | 201 ROCHDALE ROAD |
25 Mar 2022 | £176,683 | £170,500 | 50 COPPY BRIDGE DRIVE |
This house has a floor area of 165 sq meters or 1,776 sq feet when measured on 9 Sep 2015. Using an estimated price of £164,052 means this house is valued at £994 per sq meter (£92 per sq foot).
The average size of a house on BELFIELD LANE is 103 sq meters (1,118 sq feet).