£139,582
This estimated value is based upon the latest sale price for the house of £75,000 on 29 Apr 2005. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £75,000 | 29 Apr 2005 |
| £39,950 | 25 Nov 2003 |
| Terraced |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 April 2005 the House Price Index for GREATER MANCHESTER was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.110%.Applying this 86.110% change to the original purchase price of £75,000 results in an estimated price of approximately £139,582.
| 29 Apr 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 148.6 | 86.110 % | £75,000 | £64,582 | £139,582 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | -12.669 % | £-9,502 | £65,497 |
| 3 Month Average | 118.499 % | £88,874 | £163,874 |
| 6 Month Average | 98.409 % | £73,807 | £148,807 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Aug 2023 | £110,971 | £110,000 | 132 CHAPEL ROAD |
| 21 Apr 2023 | £116,252 | £115,000 | 62 KIMBERLEY STREET |
| 13 Feb 2023 | £119,919 | £120,000 | 60 MEDWAY ROAD |
| 13 Jan 2023 | £103,015 | £103,500 | 567 CHAMBER ROAD |
| 16 Mar 2022 | £119,170 | £115,000 | 39 MEDWAY ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 13 Mar 2019. Using an estimated price of £139,583 means this house is valued at £1,861 per sq meter (£172 per sq foot).