£471,912
This estimated value is based upon the latest sale price for the house of £450,000 on 15 Feb 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £450,000 | 15 Feb 2022 |
| £250,000 | 9 Dec 2011 |
| £250,000 | 25 May 2007 |
| Detached |
| Leasehold |
| Floor Area: 141 sq meters or 1,517 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 2022 the House Price Index for GREATER MANCHESTER was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £450,000 results in an estimated price of approximately £471,912.
| 15 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £450,000 | £21,912 | £471,912 |
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 | -35.032 % | £-157,643 | £292,356 |
| 3 Month Average | 10.882 % | £48,969 | £498,969 |
| 6 Month Average | 10.687 % | £48,092 | £498,092 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £109,623 | £108,000 | 12 UNION ROAD |
| 29 Aug 2023 | £211,853 | £210,000 | 178 NEW 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 |
This house has a floor area of 141 sq meters or 1,517 sq feet when measured on 16 Aug 2021. Using an estimated price of £471,913 means this house is valued at £3,346 per sq meter (£310 per sq foot).
The average size of a house on OLD ROAD is 163 sq meters (1,759 sq feet).