£89,960
This estimated value is based upon the latest sale price for the house of £65,000 on 11 Dec 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £65,000 | 11 Dec 2015 |
| Terraced |
| Leasehold |
| Floor Area: 81 sq meters or 871 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 2015 the House Price Index for GREATER MANCHESTER was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £65,000 results in an estimated price of approximately £89,960.
| 11 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.6 | 38.401 % | £65,000 | £24,960 | £89,960 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 32.034 % | £20,821 | £85,821 |
| 3 Month Average | 43.643 % | £28,368 | £93,368 |
| 6 Month Average | 49.140 % | £31,941 | £96,941 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £89,322 | £88,000 | 11 JUNCTION ROAD |
| 10 Nov 2023 | £88,815 | £87,500 | 7 HORSFIELD STREET |
| 3 Nov 2023 | £101,503 | £100,000 | 37 HULTON LANE |
| 23 Aug 2023 | £111,980 | £111,000 | 26 JUNCTION ROAD |
| 25 Feb 2022 | £91,236 | £87,000 | 6 WINDOVER STREET |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 17 Aug 2015. Using an estimated price of £89,961 means this house is valued at £1,110 per sq meter (£103 per sq foot).
The average size of a house on WIGAN ROAD is 97 sq meters (1,052 sq feet).