£245,577
This estimated value is based upon the latest sale price for the house of £240,000 on 24 Oct 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £240,000 | 24 Oct 2023 |
| £120,000 | 10 Oct 2008 |
| £79,950 | 30 Jul 1999 |
| Detached |
| Freehold |
| Floor Area: 132 sq meters or 1,420 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 October 2023 the House Price Index for GREATER MANCHESTER was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £240,000 results in an estimated price of approximately £245,577.
| 24 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £240,000 | £5,577 | £245,577 |
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 | -22.923 % | £-55,016 | £184,983 |
| 3 Month Average | -0.204 % | £-488 | £239,511 |
| 6 Month Average | 9.830 % | £23,591 | £263,591 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 May 2024 | £225,000 | £225,000 | 500 OLDHAM ROAD |
| 3 May 2024 | £262,000 | £262,000 | 21 SUNHILL CLOSE |
| 24 Oct 2023 | £245,578 | £240,000 | 24 SUNHILL CLOSE |
| 20 Oct 2023 | £97,208 | £95,000 | 741 OLDHAM ROAD |
| 22 Jun 2023 | £242,357 | £237,500 | 16 GILBROOK WAY |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 5 Jun 2014. Using an estimated price of £245,578 means this house is valued at £1,860 per sq meter (£172 per sq foot).
The average size of a house on SUNHILL CLOSE is 112 sq meters (1,214 sq feet).