£126,973
This estimated value is based upon the latest sale price for the house of £82,000 on 24 Jun 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £82,000 | 24 Jun 2014 |
| Terraced |
| Leasehold |
| Floor Area: 87 sq meters or 936 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 June 2014 the House Price Index for GREATER MANCHESTER was 96.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 54.845%.Applying this 54.845% change to the original purchase price of £82,000 results in an estimated price of approximately £126,973.
| 24 Jun 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 149.7 | 54.845 % | £82,000 | £44,973 | £126,973 |
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 | 50.241 % | £41,197 | £123,197 |
| 3 Month Average | 71.619 % | £58,727 | £140,727 |
| 6 Month Average | 63.114 % | £51,753 | £133,753 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £170,231 | £165,000 | 39 WESTON AVENUE |
| 13 Oct 2023 | £169,858 | £166,000 | 17 SEDGLEY AVENUE |
| 13 Oct 2023 | £195,439 | £191,000 | 42 SEDGLEY AVENUE |
| 12 Oct 2023 | £171,393 | £167,500 | 11 STIUPS LANE |
| 21 Sep 2023 | £117,592 | £115,000 | 68 BUERSIL AVENUE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 5 Jun 2014. Using an estimated price of £126,973 means this house is valued at £1,459 per sq meter (£135 per sq foot).
The average size of a house on STIUPS LANE is 105 sq meters (1,130 sq feet).