£242,662
This estimated value is based upon the latest sale price for the house of £148,950 on 12 Jun 2008. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £148,950 | 12 Jun 2008 |
| £137,500 | 13 Jun 2006 |
| £79,995 | 3 Oct 2001 |
| £52,500 | 14 Aug 1998 |
| Terraced |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 June 2008 the House Price Index for GREATER MANCHESTER was 91.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 62.916%.Applying this 62.916% change to the original purchase price of £148,950 results in an estimated price of approximately £242,662.
| 12 Jun 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.9 | 149.7 | 62.916 % | £148,950 | £93,712 | £242,662 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 16.825 % | £25,061 | £174,011 |
| 3 Month Average | 47.123 % | £70,189 | £219,139 |
| 6 Month Average | 58.174 % | £86,649 | £235,599 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jul 2024 | £135,000 | £135,000 | 751 EDENFIELD ROAD |
| 1 Sep 2023 | £224,959 | £220,000 | 866 EDENFIELD ROAD |
| 10 Aug 2023 | £147,663 | £145,000 | APARTMENT 7 2 PAPERHOUSE CLOSE |
| 29 Jul 2022 | £150,508 | £149,000 | APARTMENT 3 2 PAPERHOUSE CLOSE |
| 1 Jul 2022 | £202,024 | £200,000 | 12 ROSE AVENUE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 18 Mar 2014. Using an estimated price of £242,663 means this house is valued at £3,279 per sq meter (£304 per sq foot).
The average size of a house on LANCASTER TERRACE is 143 sq meters (1,544 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Mill Croft Close |