£405,850
This estimated value is based upon the latest sale price for the house of £235,000 on 16 Oct 2008. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £235,000 | 16 Oct 2008 |
| Detached |
| Leasehold |
| Floor Area: 103 sq meters or 1,108 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 2008 the House Price Index for GREATER MANCHESTER was 84.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 72.702%.Applying this 72.702% change to the original purchase price of £235,000 results in an estimated price of approximately £405,850.
| 16 Oct 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.9 | 146.7 | 72.702 % | £235,000 | £170,850 | £405,850 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 24.701 % | £58,047 | £293,047 |
| 3 Month Average | 14.324 % | £33,660 | £268,660 |
| 6 Month Average | 34.520 % | £81,120 | £316,120 |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 6 Nov 2013.
The average size of a house on PETREL CLOSE is 121 sq meters (1,309 sq feet).