£164,504
This estimated value is based upon the latest sale price for the house of £135,000 on 28 Feb 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £135,000 | 28 Feb 2020 |
| Terraced |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 February 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 21.855%.Applying this 21.855% change to the original purchase price of £135,000 results in an estimated price of approximately £164,504.
| 28 Feb 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.855 % | £135,000 | £29,504 | £164,504 |
The Postcode Pricing Model uses changes in average sales price within the OL15 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 | -31.883 % | £-43,041 | £91,958 |
| 3 Month Average | 13.123 % | £17,715 | £152,715 |
| 6 Month Average | 32.505 % | £43,881 | £178,881 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £183,471 | £180,000 | 50 SUMMIT |
| 29 Nov 2023 | £106,366 | £105,000 | 35 ROCK NOOK |
| 3 Aug 2023 | £120,734 | £120,000 | 54 SUMMIT |
| 27 Jan 2023 | £176,450 | £178,000 | 36 SUMMIT |
| 25 Nov 2022 | £125,957 | £128,000 | 1 HILL VIEW |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 6 Nov 2019. Using an estimated price of £164,504 means this house is valued at £2,223 per sq meter (£206 per sq foot).
The average size of a house on TIMBERCLIFFE is 85 sq meters (919 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rochdale Road |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Rochdale Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rochdale Road |