£171,544
This estimated value is based upon the latest sale price for the house of £125,000 on 22 Jan 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £125,000 | 22 Jan 2016 |
| Semi-Detached |
| Leasehold |
| Floor Area: 122 sq meters or 1,313 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 January 2016 the House Price Index for GREATER MANCHESTER was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £125,000 results in an estimated price of approximately £171,544.
| 22 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £125,000 | £46,544 | £171,544 |
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 | 98.046 % | £122,557 | £247,557 |
| 3 Month Average | 25.526 % | £31,907 | £156,907 |
| 6 Month Average | 29.028 % | £36,285 | £161,285 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jul 2022 | £130,351 | £130,000 | 85 CROXTON AVENUE |
| 31 Mar 2022 | £139,895 | £135,000 | 23 THORNBUSH WAY |
| 25 Mar 2022 | £150,258 | £145,000 | 24 WATERSIDE LANE |
| 21 Dec 2021 | £137,136 | £128,000 | 3 NEW FIELD CLOSE |
| 15 Oct 2021 | £110,648 | £100,000 | 87 CROXTON AVENUE |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 2 Oct 2015. Using an estimated price of £171,544 means this house is valued at £1,406 per sq meter (£130 per sq foot).
The average size of a house on WATERSIDE LANE is 82 sq meters (887 sq feet).
This house is the largest in the street with a floor area of 122 sq meters (1,313 sq feet).