£588,371
This estimated value is based upon the latest sale price for the house of £507,500 on 13 Nov 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£507,500 | 13 Nov 2020 |
£250,000 | 7 Sep 2001 |
Detached |
Leasehold |
Floor Area: 162 sq meters or 1,743 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 November 2020 the House Price Index for GREATER MANCHESTER was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £507,500 results in an estimated price of approximately £588,371.
13 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
128.2 | 148.6 | 15.935 % | £507,500 | £80,871 | £588,371 |
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 | 7.161 % | £36,343 | £543,843 |
3 Month Average | 15.137 % | £76,818 | £584,318 |
6 Month Average | 19.741 % | £100,183 | £607,683 |
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 |
13 Dec 2023 | £101,781 | £100,000 | 804 - 806 OLDHAM ROAD |
29 Sep 2023 | £215,252 | £212,500 | 961 OLDHAM ROAD |
4 Aug 2023 | £443,883 | £440,000 | 948 OLDHAM ROAD |
This house has a floor area of 162 sq meters or 1,743 sq feet when measured on 27 Sep 2019. Using an estimated price of £588,372 means this house is valued at £3,631 per sq meter (£337 per sq foot).
The average size of a house on OLDHAM ROAD is 90 sq meters (969 sq feet).