£223,186
This estimated value is based upon the latest sale price for the house of £145,000 on 15 Jul 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £145,000 | 15 Jul 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 132 sq meters or 1,420 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 July 2014 the House Price Index for GREATER MANCHESTER was 97.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 53.921%.Applying this 53.921% change to the original purchase price of £145,000 results in an estimated price of approximately £223,186.
| 15 Jul 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 149.7 | 53.921 % | £145,000 | £78,186 | £223,186 |
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 | 142.487 % | £206,605 | £351,605 |
| 3 Month Average | 63.896 % | £92,649 | £237,649 |
| 6 Month Average | 50.995 % | £73,942 | £218,942 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £251,381 | £245,000 | 133 HIGHER LOMAX LANE |
| 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 |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 10 Mar 2014. Using an estimated price of £223,186 means this house is valued at £1,690 per sq meter (£157 per sq foot).
The average size of a house on HIGHER LOMAX LANE is 80 sq meters (871 sq feet).