£122,631
This estimated value is based upon the latest sale price for the house of £72,000 on 29 Sep 2006. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £72,000 | 29 Sep 2006 |
| £24,995 | 25 Aug 2000 |
| £12,000 | 16 Nov 1999 |
| £10,250 | 21 Oct 1996 |
| Terraced |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 September 2006 the House Price Index for GREATER MANCHESTER was 87.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.321%.Applying this 70.321% change to the original purchase price of £72,000 results in an estimated price of approximately £122,631.
| 29 Sep 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 148.6 | 70.321 % | £72,000 | £50,631 | £122,631 |
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 | 33.985 % | £24,469 | £96,469 |
| 3 Month Average | 35.877 % | £25,831 | £97,831 |
| 6 Month Average | 46.954 % | £33,806 | £105,806 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Jul 2023 | £167,251 | £165,000 | 34 CROXTON AVENUE |
| 20 Jan 2023 | £136,358 | £137,000 | 24 CROXTON AVENUE |
| 25 Mar 2022 | £150,258 | £145,000 | 24 WATERSIDE LANE |
| 8 Mar 2022 | £181,346 | £175,000 | 16 MILLVIEW LANE |
| 30 Jun 2021 | £177,033 | £165,000 | 18 MILLVIEW LANE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 4 Apr 2014. Using an estimated price of £122,631 means this house is valued at £1,425 per sq meter (£132 per sq foot).
The average size of a house on BELFIELD ROAD is 90 sq meters (974 sq feet).