£228,506
This estimated value is based upon the latest sale price for the house of £175,000 on 15 Mar 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£175,000 | 15 Mar 2017 |
£82,500 | 27 Sep 1996 |
Detached |
Freehold |
Floor Area: 94 sq meters or 1,011 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 March 2017 the House Price Index for GREATER MANCHESTER was 114.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.575%.Applying this 30.575% change to the original purchase price of £175,000 results in an estimated price of approximately £228,506.
15 Mar 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.6 | 149.7 | 30.575 % | £175,000 | £53,506 | £228,506 |
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 | 46.397 % | £81,193 | £256,193 |
3 Month Average | 25.584 % | £44,771 | £219,771 |
6 Month Average | 38.191 % | £66,834 | £241,834 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
9 May 2024 | £225,000 | £225,000 | 500 OLDHAM ROAD |
3 May 2024 | £262,000 | £262,000 | 21 SUNHILL CLOSE |
24 Oct 2023 | £245,578 | £240,000 | 24 SUNHILL CLOSE |
20 Oct 2023 | £97,208 | £95,000 | 741 OLDHAM ROAD |
22 Jun 2023 | £242,357 | £237,500 | 16 GILBROOK WAY |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 8 Sep 2016. Using an estimated price of £228,507 means this house is valued at £2,430 per sq meter (£225 per sq foot).
The average size of a house on SUNHILL CLOSE is 112 sq meters (1,214 sq feet).