£449,392
This estimated value is based upon the latest sale price for the house of £450,000 on 19 Jul 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £450,000 | 19 Jul 2022 |
| £160,000 | 3 Jul 2015 |
| Detached |
| Leasehold |
| Floor Area: 98 sq meters or 1,054 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 2022 the House Price Index for GREATER MANCHESTER was 148.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.135%.Applying this -0.135% change to the original purchase price of £450,000 results in an estimated price of approximately £449,392.
| 19 Jul 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 148.0 | -0.135 % | £450,000 | £-607 | £449,392 |
The Postcode Pricing Model uses changes in average sales price within the BL8 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 | 31.571 % | £142,070 | £592,070 |
| 3 Month Average | -21.433 % | £-96,449 | £353,550 |
| 6 Month Average | -7.443 % | £-33,491 | £416,508 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2023 | £590,587 | £585,000 | 12 ORMSKIRK CLOSE |
| 18 Jun 2023 | £342,779 | £340,000 | 15 MILE LANE |
| 19 Jul 2022 | £449,393 | £450,000 | 10 MILE LANE |
| 27 Jun 2022 | £287,918 | £285,000 | 84 NEWINGTON DRIVE |
| 14 Jan 2022 | £319,688 | £305,000 | 26 MILE LANE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 9 Jun 2015. Using an estimated price of £449,393 means this house is valued at £4,585 per sq meter (£426 per sq foot).
The average size of a house on MILE LANE is 109 sq meters (1,180 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ainsworth Road |