£197,919
This estimated value is based upon the latest sale price for the house of £194,350 on 18 Aug 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £194,350 | 18 Aug 2023 |
| £175,000 | 4 May 2018 |
| £65,000 | 6 Dec 1996 |
| Detached |
| Leasehold |
| Floor Area: 88 sq meters or 947 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 August 2023 the House Price Index for GREATER MANCHESTER was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £194,350 results in an estimated price of approximately £197,919.
| 18 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £194,350 | £3,569 | £197,919 |
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 | 16.188 % | £31,461 | £225,811 |
| 3 Month Average | 9.030 % | £17,549 | £211,899 |
| 6 Month Average | -3.400 % | £-6,607 | £187,742 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £159,958 | £157,500 | 1 BANK CLOSE |
| 27 Oct 2023 | £230,229 | £225,000 | 23 CLEGGSWOOD AVENUE |
| 8 Sep 2023 | £296,537 | £290,000 | 20 ABBEY DRIVE |
| 18 Aug 2023 | £197,920 | £194,350 | 13 WOODBANK ROAD |
| 27 Apr 2023 | £326,099 | £320,000 | 47 CLEGGSWOOD AVENUE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 16 Feb 2018. Using an estimated price of £197,920 means this house is valued at £2,249 per sq meter (£208 per sq foot).
The average size of a house on WOODBANK ROAD is 91 sq meters (981 sq feet).