£314,238
This estimated value is based upon the latest sale price for the house of £72,500 on 16 Jul 1999. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £72,500 | 16 Jul 1999 |
| £72,500 | 20 Dec 1996 |
| Detached |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 July 1999 the House Price Index for GREATER MANCHESTER was 34.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 333.432%.Applying this 333.432% change to the original purchase price of £72,500 results in an estimated price of approximately £314,238.
| 16 Jul 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.3 | 148.6 | 333.432 % | £72,500 | £241,738 | £314,238 |
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 | 190.250 % | £137,930 | £210,430 |
| 3 Month Average | 193.220 % | £140,084 | £212,584 |
| 6 Month Average | 240.285 % | £174,206 | £246,706 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £83,460 | £82,000 | 2 HOWARTH GREEN |
| 30 Nov 2023 | £176,783 | £174,166 | 448 HALIFAX ROAD |
| 1 Nov 2023 | £340,034 | £335,000 | 6 GREENCROFT WAY |
| 31 Jan 2023 | £230,912 | £232,000 | 13 WHEELWRIGHT DRIVE |
| 29 Jul 2022 | £360,972 | £360,000 | 12 CARRINGTON CLOSE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 16 May 2013. Using an estimated price of £314,238 means this house is valued at £5,819 per sq meter (£540 per sq foot).
There is one other house on the street which we know the size of, this is 5 BROWNSIDE CLOSE it is 88.42