£91,885
This estimated value is based upon the latest sale price for the house of £43,050 on 18 Feb 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £43,050 | 18 Feb 2004 |
| £27,500 | 8 Dec 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 62 sq meters or 667 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 February 2004 the House Price Index for GREATER MANCHESTER was 70.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 113.439%.Applying this 113.439% change to the original purchase price of £43,050 results in an estimated price of approximately £91,885.
| 18 Feb 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 149.7 | 113.439 % | £43,050 | £48,835 | £91,885 |
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 | 158.295 % | £68,146 | £111,196 |
| 3 Month Average | 142.128 % | £61,186 | £104,236 |
| 6 Month Average | 134.692 % | £57,984 | £101,034 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £147,663 | £145,000 | 4 HALLCROFT GARDENS |
| 26 Jun 2023 | £168,374 | £165,000 | 36 PRINCESS ROAD |
| 16 Jun 2023 | £147,965 | £145,000 | 43 PRINCESS ROAD |
| 10 Feb 2023 | £157,552 | £156,500 | 71 WILLOWS LANE |
| 27 Jan 2023 | £125,335 | £125,000 | 6 PRINCESS ROAD |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 18 Aug 2014. Using an estimated price of £91,886 means this house is valued at £1,482 per sq meter (£137 per sq foot).
The average size of a house on ARCON CLOSE is 101 sq meters (1,090 sq feet).
This house is the smallest in the street with a floor area of 62 sq meters (667 sq feet).