£78,556
This estimated value is based upon the latest sale price for the house of £58,000 on 15 Apr 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £58,000 | 15 Apr 2016 |
| £35,000 | 5 Nov 2003 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 April 2016 the House Price Index for GREATER MANCHESTER was 109.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.442%.Applying this 35.442% change to the original purchase price of £58,000 results in an estimated price of approximately £78,556.
| 15 Apr 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 148.6 | 35.442 % | £58,000 | £20,556 | £78,556 |
The Postcode Pricing Model uses changes in average sales price within the OL1 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 | 218.197 % | £126,554 | £184,554 |
| 3 Month Average | 70.546 % | £40,916 | £98,916 |
| 6 Month Average | 45.190 % | £26,210 | £84,210 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £420,375 | £415,000 | 718 RIPPONDEN ROAD |
| 27 Feb 2023 | £79,946 | £80,000 | 50 SWIFT ROAD |
| 10 Feb 2023 | £149,899 | £150,000 | 24 JOHNSON AVENUE |
| 5 Jan 2023 | £348,359 | £350,000 | 730 RIPPONDEN ROAD |
| 13 May 2022 | £83,371 | £81,800 | 11 THE RIDGEDALES COLERIDGE ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 27 Jan 2016. Using an estimated price of £78,556 means this house is valued at £958 per sq meter (£89 per sq foot).
The average size of a house on WELLS ROAD is 99 sq meters (1,068 sq feet).