£163,994
This estimated value is based upon the latest sale price for the house of £107,500 on 27 Aug 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £107,500 | 27 Aug 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 August 2014 the House Price Index for GREATER MANCHESTER was 98.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 52.553%.Applying this 52.553% change to the original purchase price of £107,500 results in an estimated price of approximately £163,994.
| 27 Aug 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 149.7 | 52.553 % | £107,500 | £56,494 | £163,994 |
The Postcode Pricing Model uses changes in average sales price within the OL10 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 | 123.546 % | £132,812 | £240,312 |
| 3 Month Average | 72.344 % | £77,769 | £185,269 |
| 6 Month Average | 50.993 % | £54,817 | £162,317 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £179,415 | £175,460 | 15 THE MEDWAY |
| 14 Apr 2023 | £234,384 | £230,000 | 27 THE MEDWAY |
| 5 Aug 2022 | £296,386 | £295,000 | 3 LYN GROVE |
| 1 Aug 2022 | £221,034 | £220,000 | 24 THE MEDWAY |
| 27 May 2022 | £292,623 | £285,000 | 16 EDEN CLOSE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 13 Jan 2015. Using an estimated price of £163,994 means this house is valued at £1,763 per sq meter (£163 per sq foot).
The average size of a house on HIGHER LOMAX LANE is 80 sq meters (871 sq feet).