£267,451
This estimated value is based upon the latest sale price for the house of £174,000 on 18 Jun 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £174,000 | 18 Jun 2014 |
| Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 June 2014 the House Price Index for GREATER MANCHESTER was 96.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 53.707%.Applying this 53.707% change to the original purchase price of £174,000 results in an estimated price of approximately £267,451.
| 18 Jun 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 148.6 | 53.707 % | £174,000 | £93,451 | £267,451 |
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 | 23.525 % | £40,933 | £214,933 |
| 3 Month Average | 52.628 % | £91,573 | £265,573 |
| 6 Month Average | 56.789 % | £98,812 | £272,812 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £109,623 | £108,000 | 12 UNION ROAD |
| 21 Jul 2023 | £116,569 | £115,000 | 14 MOUNT AVENUE |
| 28 Apr 2023 | £204,704 | £202,500 | 5 MOUNT AVENUE |
| 30 Mar 2023 | £131,236 | £130,000 | 750 HALIFAX ROAD |
| 27 Feb 2023 | £179,879 | £180,000 | 4 WUERDLE PLACE |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 30 Apr 2015. Using an estimated price of £267,451 means this house is valued at £2,499 per sq meter (£232 per sq foot).
The average size of a house on OLD ROAD is 163 sq meters (1,759 sq feet).