£59,371
This estimated value is based upon the latest sale price for the house of £48,000 on 30 Aug 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £48,000 | 30 Aug 2018 |
| £60,000 | 1 Jul 2011 |
| £40,000 | 20 Sep 2004 |
| £40,000 | 20 Sep 2004 |
| £10,000 | 18 Nov 1998 |
| Terraced |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 August 2018 the House Price Index for GREATER MANCHESTER was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £48,000 results in an estimated price of approximately £59,371.
| 30 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £48,000 | £11,371 | £59,371 |
The Postcode Pricing Model uses changes in average sales price within the OL10 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 | 15.347 % | £7,366 | £55,366 |
| 3 Month Average | 14.923 % | £7,163 | £55,163 |
| 6 Month Average | 47.511 % | £22,805 | £70,805 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £108,460 | £107,000 | 31 PEEL LANE |
| 21 Apr 2023 | £90,980 | £90,000 | 81 PEEL LANE |
| 31 Mar 2023 | £95,904 | £95,000 | 1 LIME GROVE |
| 17 Mar 2023 | £156,474 | £155,000 | 79 CEDAR AVENUE |
| 12 Sep 2022 | £195,918 | £197,500 | 10 THORN CLOSE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 4 May 2019. Using an estimated price of £59,371 means this house is valued at £690 per sq meter (£64 per sq foot).
The average size of a house on PEEL LANE is 80 sq meters (863 sq feet).