£118,457
This estimated value is based upon the latest sale price for the house of £70,000 on 16 Nov 2012. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £70,000 | 16 Nov 2012 |
| 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 November 2012 the House Price Index for GREATER MANCHESTER was 87.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.226%.Applying this 69.226% change to the original purchase price of £70,000 results in an estimated price of approximately £118,457.
| 16 Nov 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.8 | 148.6 | 69.226 % | £70,000 | £48,457 | £118,457 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 43.632 % | £30,542 | £100,542 |
| 3 Month Average | 71.676 % | £50,173 | £120,173 |
| 6 Month Average | 73.365 % | £51,355 | £121,355 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £114,698 | £113,000 | 249 WILLOWS LANE |
| 24 Apr 2023 | £126,361 | £125,000 | 2 CLUNTON AVENUE |
| 3 Mar 2023 | £150,416 | £148,999 | 5 CLUNTON AVENUE |
| 31 Jan 2023 | £149,297 | £150,000 | 223 WILLOWS LANE |
| 7 Oct 2022 | £131,583 | £133,000 | 12 NUNNERY ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 25 Nov 2013. Using an estimated price of £118,458 means this house is valued at £1,444 per sq meter (£134 per sq foot).
The average size of a house on WILLOWS LANE is 87 sq meters (940 sq feet).