£112,804
This estimated value is based upon the latest sale price for the house of £89,000 on 5 Sep 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £89,000 | 5 Sep 2017 |
| £34,375 | 22 Nov 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 2017 the House Price Index for GREATER MANCHESTER was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £89,000 results in an estimated price of approximately £112,804.
| 5 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £89,000 | £23,804 | £112,804 |
The Postcode Pricing Model uses changes in average sales price within the M9 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 | 106.068 % | £94,400 | £183,400 |
| 3 Month Average | 35.808 % | £31,869 | £120,869 |
| 6 Month Average | 37.441 % | £33,322 | £122,322 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £143,626 | £141,500 | 8 LEA DRIVE |
| 8 Sep 2023 | £189,422 | £187,000 | 50 OSTERLEY ROAD |
| 31 Jul 2023 | £192,592 | £190,000 | 11 WEYBOURNE AVENUE |
| 28 Jun 2023 | £187,268 | £185,000 | 53 GRANGE PARK ROAD |
| 26 Jan 2023 | £209,015 | £210,000 | 45 GRANGE PARK ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 26 Apr 2017. Using an estimated price of £112,804 means this house is valued at £1,588 per sq meter (£147 per sq foot).
The average size of a house on OSTERLEY ROAD is 92 sq meters (1,000 sq feet).