£134,775
This estimated value is based upon the latest sale price for the house of £101,000 on 21 Oct 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £101,000 | 21 Oct 2016 |
| £115,000 | 12 Jan 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,222 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 October 2016 the House Price Index for GREATER MANCHESTER was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £101,000 results in an estimated price of approximately £134,775.
| 21 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £101,000 | £33,775 | £134,775 |
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 | 87.347 % | £88,220 | £189,220 |
| 3 Month Average | 79.457 % | £80,251 | £181,251 |
| 6 Month Average | 64.949 % | £65,598 | £166,598 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £168,031 | £165,000 | 31 ELM ROAD |
| 11 Aug 2023 | £208,765 | £205,000 | 8 GREEN LANE |
| 14 Apr 2023 | £159,993 | £157,000 | 18 POPLAR AVENUE |
| 27 Mar 2023 | £143,903 | £141,500 | 16 GREEN LANE |
| 25 Mar 2022 | £229,665 | £220,000 | 45 GREEN LANE |
This house has a floor area of 113 sq meters or 1,222 sq feet when measured on 5 Dec 2011. Using an estimated price of £134,775 means this house is valued at £1,186 per sq meter (£110 per sq foot).
The average size of a house on ELM ROAD is 92 sq meters (999 sq feet).
This house is the largest in the street with a floor area of 113 sq meters (1,222 sq feet).