£117,241
This estimated value is based upon the latest sale price for the house of £108,000 on 14 Sep 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £108,000 | 14 Sep 2021 |
| £85,000 | 3 May 2019 |
| £78,500 | 30 May 2017 |
| £68,000 | 23 Jan 2015 |
| £72,000 | 10 Dec 2010 |
| £34,000 | 24 Mar 2004 |
| £33,950 | 9 Nov 1995 |
| £14,000 | 21 Jul 1995 |
| Terraced |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 2021 the House Price Index for GREATER MANCHESTER was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £108,000 results in an estimated price of approximately £117,241.
| 14 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £108,000 | £9,241 | £117,241 |
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 | 13.829 % | £14,935 | £122,935 |
| 3 Month Average | 19.804 % | £21,388 | £129,388 |
| 6 Month Average | 21.422 % | £23,135 | £131,135 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Aug 2023 | £112,020 | £110,000 | 132 CHAPEL ROAD |
| 8 Mar 2023 | £142,378 | £140,000 | 5 LYNTON AVENUE |
| 17 Feb 2023 | £156,042 | £155,000 | 8 JENNY STREET |
| 11 Jan 2023 | £126,338 | £126,000 | 10 LYNTON AVENUE |
| 20 Oct 2022 | £124,584 | £125,000 | 181 CHAPEL ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 29 Oct 2014. Using an estimated price of £117,241 means this house is valued at £1,542 per sq meter (£143 per sq foot).
The average size of a house on CHAPEL ROAD is 79 sq meters (861 sq feet).