£130,491
This estimated value is based upon the latest sale price for the house of £125,000 on 25 Mar 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £125,000 | 25 Mar 2022 |
| £129,000 | 10 Sep 2007 |
| £72,000 | 14 Apr 2004 |
| £69,950 | 3 Oct 2003 |
| Semi-Detached |
| Leasehold |
| Floor Area: 87 sq meters or 936 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 March 2022 the House Price Index for GREATER MANCHESTER was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £125,000 results in an estimated price of approximately £130,491.
| 25 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £125,000 | £5,491 | £130,491 |
The Postcode Pricing Model uses changes in average sales price within the OL12 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 | 49.689 % | £62,111 | £187,111 |
| 3 Month Average | 48.724 % | £60,904 | £185,904 |
| 6 Month Average | 35.082 % | £43,852 | £168,852 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £121,051 | £120,000 | 11 BESWICKE STREET |
| 24 Nov 2023 | £225,730 | £220,000 | 22 CLARKES LANE |
| 21 Oct 2022 | £159,467 | £160,000 | 131 PEEL STREET |
| 25 Mar 2022 | £130,492 | £125,000 | 16 GREENHILL AVENUE |
| 3 Dec 2021 | £453,309 | £420,000 | 115 SPOTLAND ROAD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 15 Sep 2018. Using an estimated price of £130,492 means this house is valued at £1,499 per sq meter (£139 per sq foot).
The average size of a house on GREENHILL AVENUE is 101 sq meters (1,089 sq feet).