£418,755
This estimated value is based upon the latest sale price for the house of £225,000 on 8 Apr 2009. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £225,000 | 8 Apr 2009 |
| Detached |
| Leasehold |
| Floor Area: 127 sq meters or 1,375 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 April 2009 the House Price Index for GREATER MANCHESTER was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.114%.Applying this 86.114% change to the original purchase price of £225,000 results in an estimated price of approximately £418,755.
| 8 Apr 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 148.6 | 86.114 % | £225,000 | £193,755 | £418,755 |
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 | 31.718 % | £71,364 | £296,364 |
| 3 Month Average | 31.940 % | £71,865 | £296,865 |
| 6 Month Average | 42.192 % | £94,932 | £319,932 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £356,233 | £350,000 | 5 MARSDEN CLOSE |
| 14 Dec 2023 | £320,610 | £315,000 | 25 CLIFTONVILLE ROAD |
| 11 Dec 2023 | £245,597 | £241,300 | 1 FERNDALE AVENUE |
| 29 Sep 2023 | £215,252 | £212,500 | 961 OLDHAM ROAD |
| 14 Sep 2023 | £387,454 | £382,500 | 121 SHAW ROAD |
This house has a floor area of 127 sq meters or 1,375 sq feet when measured on 29 Sep 2008. Using an estimated price of £418,756 means this house is valued at £3,276 per sq meter (£304 per sq foot).
The average size of a house on FERNDALE AVENUE is 161 sq meters (1,739 sq feet).
This house is the largest in the street with a floor area of 127 sq meters (1,375 sq feet).