£111,393
This estimated value is based upon the latest sale price for the house of £65,000 on 1 Oct 2010. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £65,000 | 1 Oct 2010 |
| £108,000 | 12 Sep 2006 |
| Terraced |
| Leasehold |
| Floor Area: 81 sq meters or 871 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 2010 the House Price Index for GREATER MANCHESTER was 87.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.374%.Applying this 71.374% change to the original purchase price of £65,000 results in an estimated price of approximately £111,393.
| 1 Oct 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.4 | 149.7 | 71.374 % | £65,000 | £46,393 | £111,393 |
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 | 43.684 % | £28,394 | £93,394 |
| 3 Month Average | 40.211 % | £26,137 | £91,137 |
| 6 Month Average | 49.506 % | £32,178 | £97,178 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £112,865 | £110,000 | 83 HERON STREET |
| 29 Sep 2023 | £168,719 | £165,000 | 31 PENRITH AVENUE |
| 31 Mar 2023 | £172,887 | £170,000 | 53 LACROSSE AVENUE |
| 21 Oct 2022 | £154,484 | £155,000 | 158 HERON STREET |
| 26 Aug 2022 | £165,775 | £165,000 | 8 PENRITH AVENUE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 4 Jul 2015. Using an estimated price of £111,393 means this house is valued at £1,375 per sq meter (£127 per sq foot).
The average size of a house on WELLINGTON ROAD is 131 sq meters (1,420 sq feet).