£211,996
This estimated value is based upon the latest sale price for the house of £138,750 on 4 Jul 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £138,750 | 4 Jul 2014 |
| Semi-Detached |
| Leasehold |
| Floor Area: 96 sq meters or 1,033 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 2014 the House Price Index for GREATER MANCHESTER was 97.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 52.790%.Applying this 52.790% change to the original purchase price of £138,750 results in an estimated price of approximately £211,996.
| 4 Jul 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 148.6 | 52.790 % | £138,750 | £73,246 | £211,996 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 27.206 % | £37,748 | £176,498 |
| 3 Month Average | 48.749 % | £67,639 | £206,389 |
| 6 Month Average | 58.555 % | £81,245 | £219,995 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £131,954 | £130,000 | 16 HUNGER HILL AVENUE |
| 22 Sep 2023 | £187,413 | £185,017 | 13 HORNBY DRIVE |
| 1 Sep 2023 | £225,888 | £223,000 | 6 CARTMEL CLOSE |
| 24 Aug 2023 | £282,471 | £280,000 | 4 LOCK LANE |
| 1 Jun 2023 | £172,084 | £170,000 | 873 WIGAN ROAD |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 9 Jul 2014. Using an estimated price of £211,997 means this house is valued at £2,208 per sq meter (£205 per sq foot).
The average size of a house on WIGAN ROAD is 97 sq meters (1,052 sq feet).