£237,643
This estimated value is based upon the latest sale price for the house of £143,500 on 12 Sep 2013. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £143,500 | 12 Sep 2013 |
| £79,000 | 12 Apr 2002 |
| Detached |
| Freehold |
| Floor Area: 77 sq meters or 836 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 September 2013 the House Price Index for GREATER MANCHESTER was 90.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 65.605%.Applying this 65.605% change to the original purchase price of £143,500 results in an estimated price of approximately £237,643.
| 12 Sep 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.4 | 149.7 | 65.605 % | £143,500 | £94,143 | £237,643 |
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 | 87.872 % | £126,096 | £269,596 |
| 3 Month Average | 84.248 % | £120,896 | £264,396 |
| 6 Month Average | 72.217 % | £103,631 | £247,131 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Oct 2023 | £204,648 | £200,000 | 29 FOXFIELD DRIVE |
| 15 Jun 2023 | £220,417 | £216,000 | 12 CHERWELL CLOSE |
| 22 Mar 2023 | £254,246 | £250,000 | 9 SEVERN ROAD |
| 15 Mar 2023 | £249,161 | £245,000 | 20 SEVERN ROAD |
| 30 Nov 2022 | £293,627 | £295,000 | 14 SEVERN ROAD |
This house has a floor area of 77 sq meters or 836 sq feet when measured on 18 Nov 2011. Using an estimated price of £237,643 means this house is valued at £3,056 per sq meter (£283 per sq foot).
The average size of a house on THORNLEA AVENUE is 85 sq meters (922 sq feet).