£157,125
This estimated value is based upon the latest sale price for the house of £118,000 on 29 Jul 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £118,000 | 29 Jul 2016 |
| Semi-Detached |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 2016 the House Price Index for GREATER MANCHESTER was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £118,000 results in an estimated price of approximately £157,125.
| 29 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £118,000 | £39,125 | £157,125 |
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 | 25.677 % | £30,298 | £148,298 |
| 3 Month Average | 40.276 % | £47,525 | £165,525 |
| 6 Month Average | 46.983 % | £55,439 | £173,439 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £143,511 | £141,000 | 100 LONGFIELD ROAD |
| 1 Dec 2023 | £198,473 | £195,000 | 14 EDGE HILL ROAD |
| 29 Nov 2023 | £157,329 | £155,000 | 4 VIGO AVENUE |
| 20 Jun 2023 | £102,238 | £101,000 | 131 LONGFIELD ROAD |
| 13 Jun 2023 | £177,146 | £175,000 | 19 BROXTON AVENUE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 1 Feb 2016. Using an estimated price of £157,126 means this house is valued at £2,152 per sq meter (£199 per sq foot).
The average size of a house on VIGO AVENUE is 81 sq meters (878 sq feet).