£128,686
This estimated value is based upon the latest sale price for the house of £75,000 on 22 Sep 2006. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £75,000 | 22 Sep 2006 |
| 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 September 2006 the House Price Index for GREATER MANCHESTER was 87.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.582%.Applying this 71.582% change to the original purchase price of £75,000 results in an estimated price of approximately £128,686.
| 22 Sep 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 149.7 | 71.582 % | £75,000 | £53,686 | £128,686 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | 45.938 % | £34,453 | £109,453 |
| 3 Month Average | 59.844 % | £44,883 | £119,883 |
| 6 Month Average | 66.056 % | £49,542 | £124,542 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Sep 2022 | £144,903 | £145,000 | 21 OSBORNE ROAD |
| 14 Jul 2022 | £214,651 | £212,500 | 175 COPPICE STREET |
| 23 Jul 2021 | £127,355 | £110,000 | 45 FERN STREET |
| 23 Mar 2020 | £121,335 | £100,000 | 41 WERNETH HALL ROAD |
| 27 Sep 2019 | £185,407 | £150,000 | 45 WERNETH HALL ROAD |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 17 Aug 2021. Using an estimated price of £128,686 means this house is valued at £974 per sq meter (£90 per sq foot).
The average size of a house on FERN STREET is 114 sq meters (1,230 sq feet).