£122,570
This estimated value is based upon the latest sale price for the house of £112,500 on 12 Nov 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £112,500 | 12 Nov 2021 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 November 2021 the House Price Index for GREATER MANCHESTER was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £112,500 results in an estimated price of approximately £122,570.
| 12 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £112,500 | £10,070 | £122,570 |
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 | 61.615 % | £69,316 | £181,816 |
| 3 Month Average | 12.970 % | £14,590 | £127,090 |
| 6 Month Average | 14.103 % | £15,866 | £128,366 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £110,964 | £110,000 | 3 TOP OF HEAP |
| 29 Nov 2023 | £143,646 | £140,000 | 2 SKYE CLOSE |
| 9 Oct 2023 | £114,603 | £112,000 | 7 TOP OF HEAP |
| 8 Sep 2023 | £219,846 | £215,000 | 177B ARGYLE STREET |
| 21 Apr 2023 | £152,859 | £150,000 | 12 SKYE CLOSE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 22 Jan 2014. Using an estimated price of £122,571 means this house is valued at £1,276 per sq meter (£118 per sq foot).
The average size of a house on LORNE WAY is 108 sq meters (1,169 sq feet).
This house is the largest in the street with a floor area of 96 sq meters (1,033 sq feet).