£44,320
This estimated value is based upon the latest sale price for the house of £18,500 on 28 Apr 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £18,500 | 28 Apr 2003 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 April 2003 the House Price Index for GREATER MANCHESTER was 62.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 139.568%.Applying this 139.568% change to the original purchase price of £18,500 results in an estimated price of approximately £44,320.
| 28 Apr 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 148.6 | 139.568 % | £18,500 | £25,820 | £44,320 |
The Postcode Pricing Model uses changes in average sales price within the M18 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 | 583.221 % | £107,895 | £126,395 |
| 3 Month Average | 533.718 % | £98,737 | £117,237 |
| 6 Month Average | 509.207 % | £94,203 | £112,703 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £140,074 | £138,000 | 42 WOODLAND AVENUE |
| 29 Sep 2023 | £162,072 | £160,000 | 16 WOODLAND AVENUE |
| 1 Aug 2023 | £138,209 | £137,000 | 40 WOODLAND AVENUE |
| 21 Jul 2022 | £135,364 | £135,000 | 80 WOODLAND AVENUE |
| 16 Jun 2022 | £148,600 | £146,500 | 26 WOODLAND AVENUE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 6 Mar 2020. Using an estimated price of £44,320 means this house is valued at £651 per sq meter (£60 per sq foot).
The average size of a house on FRIENDSHIP AVENUE is 71 sq meters (770 sq feet).