£167,332
This estimated value is based upon the latest sale price for the house of £29,500 on 25 Jan 1996. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£29,500 | 25 Jan 1996 |
£21,000 | 23 Jun 1995 |
Terraced |
Leasehold |
Floor Area: 80 sq meters or 861 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 January 1996 the House Price Index for GREATER MANCHESTER was 26.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 467.228%.Applying this 467.228% change to the original purchase price of £29,500 results in an estimated price of approximately £167,332.
25 Jan 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.2 | 148.6 | 467.228 % | £29,500 | £137,832 | £167,332 |
The Postcode Pricing Model uses changes in average sales price within the OL4 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 | 472.479 % | £139,381 | £168,881 |
3 Month Average | 371.450 % | £109,577 | £139,077 |
6 Month Average | 290.989 % | £85,841 | £115,341 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Sep 2022 | £104,159 | £105,000 | 35 MELLING ROAD |
27 Jun 2022 | £134,906 | £133,000 | 18 MELLING ROAD |
10 Nov 2020 | £86,952 | £75,000 | 22 MELLING ROAD |
23 Jul 2020 | £60,460 | £50,000 | 14 MELLING ROAD |
20 Jun 2020 | £72,661 | £60,000 | 306 LEES ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 30 Oct 2013. Using an estimated price of £167,332 means this house is valued at £2,091 per sq meter (£194 per sq foot).
The average size of a house on MELLING ROAD is 93 sq meters (1,007 sq feet).