£163,061
This estimated value is based upon the latest sale price for the house of £124,500 on 3 Feb 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £124,500 | 3 Feb 2017 |
| £120,000 | 5 Jun 2015 |
| £125,000 | 27 Sep 2013 |
| £106,000 | 8 Feb 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 66 sq meters or 710 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 February 2017 the House Price Index for GREATER MANCHESTER was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £124,500 results in an estimated price of approximately £163,061.
| 3 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 149.7 | 30.973 % | £124,500 | £38,561 | £163,061 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 33.066 % | £41,166 | £165,666 |
| 3 Month Average | 47.803 % | £59,514 | £184,014 |
| 6 Month Average | 45.515 % | £56,666 | £181,166 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Oct 2023 | £104,882 | £102,500 | THE OAKLANDS, 206 FAIRWAY |
| 2 Oct 2023 | £204,648 | £200,000 | 2 MANCHET STREET |
| 4 Apr 2023 | £129,421 | £127,000 | 12 OAKLAND TERRACE |
| 11 Nov 2022 | £423,022 | £425,000 | 1 SACKVILLE STREET |
| 5 Aug 2022 | £67,315 | £67,000 | 2 BUCKLEY BARN COURT HEAPE STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 5 Apr 2015. Using an estimated price of £163,062 means this house is valued at £2,470 per sq meter (£229 per sq foot).
The average size of a house on FAIRWAY is 70 sq meters (756 sq feet).