£119,514
This estimated value is based upon the latest sale price for the house of £94,950 on 9 Feb 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£94,950 | 9 Feb 2018 |
£88,000 | 5 Aug 2016 |
Terraced |
Freehold |
Floor Area: 59 sq meters or 635 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 February 2018 the House Price Index for GREATER MANCHESTER was 118.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.871%.Applying this 25.871% change to the original purchase price of £94,950 results in an estimated price of approximately £119,514.
9 Feb 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.9 | 149.7 | 25.871 % | £94,950 | £24,564 | £119,514 |
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 | 32.130 % | £30,507 | £125,457 |
3 Month Average | 52.737 % | £50,073 | £145,023 |
6 Month Average | 46.053 % | £43,727 | £138,677 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Oct 2023 | £139,161 | £136,000 | 19 SCHOOL ROAD |
18 Aug 2023 | £168,031 | £165,000 | 1 SCHOOL ROAD |
24 Apr 2023 | £151,600 | £148,764 | 15 SCHOOL ROAD |
25 Feb 2022 | £127,831 | £121,000 | 8 LONSDALE ROAD |
16 Dec 2021 | £134,913 | £125,000 | 51 INCLINE ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 22 Aug 2014. Using an estimated price of £119,514 means this house is valued at £2,025 per sq meter (£188 per sq foot).
The average size of a house on FARRAND ROAD is 75 sq meters (812 sq feet).