£129,455
This estimated value is based upon the latest sale price for the house of £98,000 on 1 Dec 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £98,000 | 1 Dec 2016 |
| Semi-Detached |
| Leasehold |
| Floor Area: 84 sq meters or 904 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 2016 the House Price Index for GREATER MANCHESTER was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £98,000 results in an estimated price of approximately £129,455.
| 1 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 149.7 | 32.097 % | £98,000 | £31,455 | £129,455 |
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 | 53.064 % | £52,003 | £150,003 |
| 3 Month Average | 53.027 % | £51,966 | £149,966 |
| 6 Month Average | 40.416 % | £39,607 | £137,607 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £155,349 | £154,000 | 4 MARGARET AVENUE |
| 6 Oct 2023 | £192,369 | £188,000 | 55 BERTHA ROAD |
| 8 Feb 2023 | £90,605 | £90,000 | 33 ROSEFIELD CRESCENT |
| 13 Jan 2023 | £165,442 | £165,000 | 11 BERTHA ROAD |
| 5 Jan 2023 | £218,584 | £218,000 | 213 MILNROW ROAD |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 17 Mar 2016. Using an estimated price of £129,455 means this house is valued at £1,541 per sq meter (£143 per sq foot).
The average size of a house on MARGARET AVENUE is 84 sq meters (913 sq feet).