£176,479
This estimated value is based upon the latest sale price for the house of £172,000 on 9 Nov 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £172,000 | 9 Nov 2023 |
| £30,000 | 5 Apr 2023 |
| £58,000 | 7 Aug 2012 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 2023 the House Price Index for GREATER MANCHESTER was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £172,000 results in an estimated price of approximately £176,479.
| 9 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £172,000 | £4,479 | £176,479 |
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 | -25.154 % | £-43,264 | £128,735 |
| 3 Month Average | 17.267 % | £29,698 | £201,698 |
| 6 Month Average | 11.054 % | £19,012 | £191,012 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2024 | £110,000 | £110,000 | 11 WALTERS DRIVE |
| 14 Dec 2023 | £134,070 | £129,950 | 11 TANNERS FOLD |
| 9 Nov 2023 | £176,480 | £172,000 | 138 FIR TREE AVENUE |
| 22 Sep 2023 | £163,607 | £160,000 | 31 TANNERS FOLD |
| 6 Apr 2023 | £162,031 | £159,000 | 84 FIR TREE AVENUE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 15 May 2012. Using an estimated price of £176,480 means this house is valued at £2,353 per sq meter (£218 per sq foot).
The average size of a house on FIR TREE AVENUE is 85 sq meters (921 sq feet).