£308,723
This estimated value is based upon the latest sale price for the house of £186,500 on 21 Dec 2006. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £186,500 | 21 Dec 2006 |
| £185,000 | 8 Dec 2006 |
| £199,950 | 12 Aug 2005 |
| Detached |
| Leasehold |
| Floor Area: 127 sq meters or 1,367 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 December 2006 the House Price Index for GREATER MANCHESTER was 89.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 65.536%.Applying this 65.536% change to the original purchase price of £186,500 results in an estimated price of approximately £308,723.
| 21 Dec 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.8 | 148.6 | 65.536 % | £186,500 | £122,223 | £308,723 |
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 | 18.121 % | £33,795 | £220,295 |
| 3 Month Average | 29.211 % | £54,478 | £240,978 |
| 6 Month Average | 38.292 % | £71,414 | £257,914 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £167,938 | £165,000 | 39 WESTON 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 |
| 5 Nov 2021 | £173,042 | £160,000 | 93 CHARLOTTE STREET |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 23 Nov 2015. Using an estimated price of £308,724 means this house is valued at £2,430 per sq meter (£225 per sq foot).
The average size of a house on RETFORD AVENUE is 125 sq meters (1,354 sq feet).