£143,290
This estimated value is based upon the latest sale price for the house of £95,000 on 28 Nov 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £95,000 | 28 Nov 2014 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 November 2014 the House Price Index for GREATER MANCHESTER was 99.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.833%.Applying this 50.833% change to the original purchase price of £95,000 results in an estimated price of approximately £143,290.
| 28 Nov 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 149.7 | 50.833 % | £95,000 | £48,290 | £143,290 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 16.464 % | £15,640 | £110,640 |
| 3 Month Average | 51.699 % | £49,113 | £144,113 |
| 6 Month Average | 50.849 % | £48,306 | £143,306 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Oct 2023 | £104,882 | £102,500 | THE OAKLANDS, 206 FAIRWAY |
| 2 Oct 2023 | £204,648 | £200,000 | 2 MANCHET STREET |
| 4 Apr 2023 | £129,421 | £127,000 | 12 OAKLAND TERRACE |
| 11 Nov 2022 | £423,022 | £425,000 | 1 SACKVILLE STREET |
| 5 Aug 2022 | £67,315 | £67,000 | 2 BUCKLEY BARN COURT HEAPE STREET |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 15 Oct 2014. Using an estimated price of £143,291 means this house is valued at £2,204 per sq meter (£204 per sq foot).
The average size of a house on FAIRWAY is 70 sq meters (756 sq feet).