£300,418
This estimated value is based upon the latest sale price for the house of £295,000 on 4 Aug 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £295,000 | 4 Aug 2023 |
| £235,000 | 16 Oct 2020 |
| £180,000 | 16 Jun 2017 |
| £79,950 | 27 Sep 2001 |
| Semi-Detached |
| Leasehold |
| Floor Area: 120 sq meters or 1,291 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 August 2023 the House Price Index for GREATER MANCHESTER was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £295,000 results in an estimated price of approximately £300,418.
| 4 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £295,000 | £5,418 | £300,418 |
The Postcode Pricing Model uses changes in average sales price within the OL15 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 | 16.188 % | £47,754 | £342,754 |
| 3 Month Average | 9.030 % | £26,637 | £321,637 |
| 6 Month Average | -3.400 % | £-10,030 | £284,969 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £335,303 | £325,000 | 103 BROWN LODGE DRIVE |
| 8 Sep 2023 | £296,537 | £290,000 | 20 ABBEY DRIVE |
| 4 Aug 2023 | £300,418 | £295,000 | 16 LODGE BANK ROAD |
| 6 Apr 2023 | £224,193 | £220,000 | 10 LODGE BANK ROAD |
| 2 Feb 2023 | £232,553 | £231,000 | 56 ABBEY DRIVE |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 10 May 2017. Using an estimated price of £300,418 means this house is valued at £2,503 per sq meter (£232 per sq foot).
The average size of a house on LODGE BANK ROAD is 112 sq meters (1,211 sq feet).
This house is the largest in the street with a floor area of 120 sq meters (1,291 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Criminal damage and arson | On or near Smithy Bridge (Station) | |
| May 2024 | Criminal damage and arson | On or near Smithy Bridge (Station) | |
| May 2024 | Criminal damage and arson | On or near Smithy Bridge (Station) |