£41,590
This estimated value is based upon the latest sale price for the house of £15,500 on 26 Sep 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £15,500 | 26 Sep 2002 |
| Terraced |
| Leasehold |
| Floor Area: 123 sq meters or 1,323 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 2002 the House Price Index for GREATER MANCHESTER was 55.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 168.323%.Applying this 168.323% change to the original purchase price of £15,500 results in an estimated price of approximately £41,590.
| 26 Sep 2002 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 55.2 | 148.0 | 168.323 % | £15,500 | £26,090 | £41,590 |
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 | 47.621 % | £7,381 | £22,881 |
| 3 Month Average | 212.104 % | £32,876 | £48,376 |
| 6 Month Average | 185.618 % | £28,770 | £44,270 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £133,261 | £132,000 | 39 RALSTONE AVENUE |
| 22 Mar 2023 | £175,951 | £175,000 | 104 BELGRAVE ROAD |
| 24 Feb 2023 | £53,746 | £54,000 | 9 MELDRUM STREET |
| 27 Jan 2023 | £61,460 | £62,000 | 99 VILLA ROAD |
| 6 Jan 2023 | £70,877 | £71,500 | 31 MELDRUM STREET |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 5 Apr 2016. Using an estimated price of £41,590 means this house is valued at £338 per sq meter (£31 per sq foot).
The average size of a house on VILLA ROAD is 102 sq meters (1,097 sq feet).