£75,530
This estimated value is based upon the latest sale price for the house of £62,000 on 19 May 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £62,000 | 19 May 2020 |
| £30,000 | 29 Jan 2018 |
| £8,375 | 21 Oct 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 May 2020 the House Price Index for GREATER MANCHESTER was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.824%.Applying this 21.824% change to the original purchase price of £62,000 results in an estimated price of approximately £75,530.
| 19 May 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.824 % | £62,000 | £13,530 | £75,530 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | -28.324 % | £-17,560 | £44,439 |
| 3 Month Average | 46.245 % | £28,672 | £90,672 |
| 6 Month Average | 22.516 % | £13,959 | £75,959 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jun 2023 | £114,932 | £114,000 | 545 ROUNDTHORN ROAD |
| 11 Aug 2022 | £173,826 | £175,000 | 327 ABBEY HILLS ROAD |
| 1 Jul 2022 | £136,316 | £136,500 | 24 LINLEY DRIVE |
| 29 Mar 2022 | £103,208 | £100,000 | 5 THORN ROAD |
| 21 Feb 2022 | £135,780 | £130,000 | 45 ALT LANE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 14 Jun 2013. Using an estimated price of £75,531 means this house is valued at £1,127 per sq meter (£104 per sq foot).
The average size of a house on FURNESS AVENUE is 70 sq meters (763 sq feet).