£61,524
This estimated value is based upon the latest sale price for the house of £50,000 on 24 Jun 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £50,000 | 24 Jun 2019 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 June 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.050%.Applying this 23.050% change to the original purchase price of £50,000 results in an estimated price of approximately £61,524.
| 24 Jun 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.0 | 23.050 % | £50,000 | £11,524 | £61,524 |
The Postcode Pricing Model uses changes in average sales price within the OL1 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 | 112.911 % | £56,455 | £106,455 |
| 3 Month Average | 24.776 % | £12,387 | £62,387 |
| 6 Month Average | 12.830 % | £6,415 | £56,415 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £120,407 | £120,000 | 5 BRONTE CLOSE |
| 8 Aug 2023 | £130,795 | £130,000 | 15 SHOLVER LANE |
| 31 Mar 2023 | £191,033 | £190,000 | 33 SHOLVER LANE |
| 10 Mar 2023 | £135,734 | £135,000 | 89 LONGFELLOW CRESCENT |
| 27 Feb 2023 | £79,623 | £80,000 | 50 SWIFT ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 13 Mar 2019. Using an estimated price of £61,525 means this house is valued at £904 per sq meter (£84 per sq foot).
There is one other house on the street which we know the size of, this is 18 CONRAD CLOSE it is 76.0