£123,511
This estimated value is based upon the latest sale price for the house of £82,500 on 31 Oct 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £82,500 | 31 Oct 2014 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 October 2014 the House Price Index for GREATER MANCHESTER was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £82,500 results in an estimated price of approximately £123,511.
| 31 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £82,500 | £41,011 | £123,511 |
The Postcode Pricing Model uses changes in average sales price within the OL7 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 | 86.905 % | £71,696 | £154,196 |
| 3 Month Average | 59.017 % | £48,688 | £131,188 |
| 6 Month Average | 54.179 % | £44,697 | £127,197 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £287,253 | £283,000 | 9 EATON DRIVE |
| 3 Aug 2023 | £191,677 | £190,000 | 178 RICHMOND STREET |
| 31 Jul 2023 | £146,978 | £145,000 | 37 CROWHILL ROAD |
| 19 Apr 2022 | £159,619 | £155,000 | 25 BOWNESS ROAD |
| 8 Apr 2022 | £231,705 | £225,000 | 68 KNOWLE AVENUE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 30 Jun 2014. Using an estimated price of £123,511 means this house is valued at £1,691 per sq meter (£157 per sq foot).
The average size of a house on RICHMOND STREET is 117 sq meters (1,267 sq feet).