£194,631
This estimated value is based upon the latest sale price for the house of £41,500 on 2 Sep 1998. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £41,500 | 2 Sep 1998 |
| Semi-Detached |
| Leasehold |
| Floor Area: 126 sq meters or 1,356 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 1998 the House Price Index for GREATER MANCHESTER was 31.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 368.991%.Applying this 368.991% change to the original purchase price of £41,500 results in an estimated price of approximately £194,631.
| 2 Sep 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.9 | 149.7 | 368.991 % | £41,500 | £153,131 | £194,631 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | 290.086 % | £120,385 | £161,885 |
| 3 Month Average | 346.902 % | £143,964 | £185,464 |
| 6 Month Average | 312.537 % | £129,702 | £171,202 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2022 | £383,208 | £385,000 | 262 WINDSOR ROAD |
| 21 Mar 2022 | £313,175 | £299,995 | 294 WINDSOR ROAD |
| 7 Oct 2021 | £156,054 | £140,000 | 4 CHEVIOT AVENUE |
| 23 Jul 2021 | £172,508 | £149,000 | 57 CHEVIOT AVENUE |
| 19 Jul 2021 | £162,088 | £140,000 | 12 MILLER ROAD |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 31 Mar 2017. Using an estimated price of £194,631 means this house is valued at £1,544 per sq meter (£143 per sq foot).
The average size of a house on ORIEL AVENUE is 94 sq meters (1,014 sq feet).