£242,356
This estimated value is based upon the latest sale price for the house of £237,500 on 22 Jun 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £237,500 | 22 Jun 2023 |
| £155,000 | 30 Jan 2020 |
| £155,000 | 21 Apr 2006 |
| £67,500 | 31 Oct 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 2023 the House Price Index for GREATER MANCHESTER was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £237,500 results in an estimated price of approximately £242,356.
| 22 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £237,500 | £4,856 | £242,356 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 15.712 % | £37,315 | £274,815 |
| 3 Month Average | 19.044 % | £45,229 | £282,729 |
| 6 Month Average | 6.700 % | £15,911 | £253,411 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 May 2024 | £225,000 | £225,000 | 500 OLDHAM ROAD |
| 12 Apr 2024 | £267,321 | £265,000 | 15 CRAIGLANDS |
| 30 Nov 2023 | £90,292 | £88,000 | 1 FAIRLANDS VIEW |
| 20 Oct 2023 | £97,208 | £95,000 | 741 OLDHAM ROAD |
| 22 Jun 2023 | £242,357 | £237,500 | 16 GILBROOK WAY |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 5 Jun 2013. Using an estimated price of £242,357 means this house is valued at £2,605 per sq meter (£242 per sq foot).
The average size of a house on GILBROOK WAY is 95 sq meters (1,031 sq feet).