£108,473
This estimated value is based upon the latest sale price for the house of £59,000 on 11 Jul 2005. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £59,000 | 11 Jul 2005 |
| £55,000 | 20 Apr 2005 |
| £29,000 | 26 Mar 1999 |
| £22,800 | 12 Jul 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 July 2005 the House Price Index for GREATER MANCHESTER was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.853%.Applying this 83.853% change to the original purchase price of £59,000 results in an estimated price of approximately £108,473.
| 11 Jul 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 83.853 % | £59,000 | £49,473 | £108,473 |
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 | 213.363 % | £125,884 | £184,884 |
| 3 Month Average | 100.086 % | £59,050 | £118,050 |
| 6 Month Average | 108.558 % | £64,048 | £123,048 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £120,000 | £120,000 | 5 BRONTE CLOSE |
| 10 Mar 2023 | £136,284 | £135,000 | 89 LONGFELLOW CRESCENT |
| 19 Jan 2023 | £169,203 | £170,000 | 56 STEVENSON DRIVE |
| 31 Aug 2022 | £163,560 | £164,000 | 36 SHOLVER HILL CLOSE |
| 1 Apr 2022 | £139,023 | £135,000 | 62 STEVENSON DRIVE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 22 May 2017. Using an estimated price of £108,473 means this house is valued at £1,261 per sq meter (£117 per sq foot).