£135,354
This estimated value is based upon the latest sale price for the house of £60,000 on 3 Oct 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £60,000 | 3 Oct 2003 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 October 2003 the House Price Index for GREATER MANCHESTER was 66.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 125.591%.Applying this 125.591% change to the original purchase price of £60,000 results in an estimated price of approximately £135,354.
| 3 Oct 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 66.4 | 149.7 | 125.591 % | £60,000 | £75,354 | £135,354 |
The Postcode Pricing Model uses changes in average sales price within the OL15 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 | 176.746 % | £106,047 | £166,047 |
| 3 Month Average | 99.578 % | £59,746 | £119,746 |
| 6 Month Average | 100.396 % | £60,237 | £120,237 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Oct 2024 | £155,000 | £155,000 | 36 WHITEGATE |
| 9 Oct 2024 | £242,500 | £242,500 | 148 NEW ROAD |
| 29 Sep 2023 | £109,923 | £107,500 | 2 MAY PLACE |
| 15 Sep 2023 | £191,726 | £187,500 | 51 WHITEGATE |
| 4 Aug 2023 | £164,466 | £161,500 | 89 NEW ROAD |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 5 Jul 2012. Using an estimated price of £135,355 means this house is valued at £1,265 per sq meter (£117 per sq foot).
The average size of a house on NEW ROAD is 87 sq meters (945 sq feet).