£87,421
This estimated value is based upon the latest sale price for the house of £26,000 on 17 Jul 2001. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£26,000 | 17 Jul 2001 |
£16,500 | 16 Feb 2001 |
£29,500 | 31 Jul 1998 |
£14,000 | 11 Jun 1997 |
Terraced |
Leasehold |
Floor Area: 68 sq meters or 731 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 2001 the House Price Index for GREATER MANCHESTER was 44.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 236.237%.Applying this 236.237% change to the original purchase price of £26,000 results in an estimated price of approximately £87,421.
17 Jul 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
44.2 | 148.6 | 236.237 % | £26,000 | £61,421 | £87,421 |
The Postcode Pricing Model uses changes in average sales price within the OL4 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 | 250.606 % | £65,157 | £91,157 |
3 Month Average | 293.872 % | £76,406 | £102,406 |
6 Month Average | 241.682 % | £62,837 | £88,837 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £147,686 | £145,500 | 62 GORDON AVENUE |
5 Sep 2023 | £133,710 | £132,000 | 18 CRANBROOK STREET |
15 Aug 2022 | £104,718 | £105,000 | 33 GORDON AVENUE |
28 Jul 2022 | £150,405 | £150,000 | 8 ERITH ROAD |
27 May 2022 | £77,460 | £76,000 | 33 SALISBURY ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 5 Dec 2014. Using an estimated price of £87,422 means this house is valued at £1,285 per sq meter (£119 per sq foot).
The average size of a house on GORDON AVENUE is 79 sq meters (855 sq feet).