£185,970
This estimated value is based upon the latest sale price for the house of £50,000 on 24 Jul 2000. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £50,000 | 24 Jul 2000 |
| Semi-Detached |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 July 2000 the House Price Index for GREATER MANCHESTER was 40.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 271.941%.Applying this 271.941% change to the original purchase price of £50,000 results in an estimated price of approximately £185,970.
| 24 Jul 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.0 | 148.6 | 271.941 % | £50,000 | £135,970 | £185,970 |
The Postcode Pricing Model uses changes in average sales price within the OL4 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 | 233.197 % | £116,598 | £166,598 |
| 3 Month Average | 286.259 % | £143,129 | £193,129 |
| 6 Month Average | 229.216 % | £114,607 | £164,607 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £305,000 | £305,000 | 16 LOCKING GATE RISE |
| 14 Dec 2023 | £325,699 | £320,000 | 8 LOCKING GATE RISE |
| 10 Aug 2023 | £132,156 | £131,000 | 608 HUDDERSFIELD ROAD |
| 1 Jun 2023 | £187,268 | £185,000 | 20 CHURCH STREET EAST |
| 24 Apr 2023 | £141,524 | £140,000 | 541 HUDDERSFIELD ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 22 Oct 2019. Using an estimated price of £185,970 means this house is valued at £2,479 per sq meter (£230 per sq foot).
The average size of a house on WATERWORKS ROAD is 162 sq meters (1,748 sq feet).