£127,295
This estimated value is based upon the latest sale price for the house of £125,000 on 2 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 |
|---|---|
| £125,000 | 2 Aug 2023 |
| £110,950 | 9 Dec 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 £125,000 results in an estimated price of approximately £127,295.
| 2 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £125,000 | £2,295 | £127,295 |
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 | 75.075 % | £93,844 | £218,844 |
| 3 Month Average | 0.451 % | £564 | £125,564 |
| 6 Month Average | -4.012 % | £-5,015 | £119,984 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £141,594 | £138,000 | 3 MOORLAND STREET |
| 3 Nov 2023 | £110,813 | £108,000 | 53 GALE CLOSE |
| 11 Aug 2023 | £129,842 | £127,500 | 7 WINGFIELD VILLAS |
| 2 Aug 2023 | £127,296 | £125,000 | 14 GALE CLOSE |
| 19 Apr 2023 | £137,573 | £135,000 | 41 GALE CLOSE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 12 Jan 2018. Using an estimated price of £127,296 means this house is valued at £2,233 per sq meter (£207 per sq foot).
The average size of a house on GALE CLOSE is 63 sq meters (678 sq feet).