£100,316
This estimated value is based upon the latest sale price for the house of £47,000 on 20 Feb 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £47,000 | 20 Feb 2004 |
| £28,450 | 30 Oct 1998 |
| £11,000 | 9 Jun 1998 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 2004 the House Price Index for GREATER MANCHESTER was 70.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 113.439%.Applying this 113.439% change to the original purchase price of £47,000 results in an estimated price of approximately £100,316.
| 20 Feb 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 149.7 | 113.439 % | £47,000 | £53,316 | £100,316 |
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 | 228.202 % | £107,254 | £154,254 |
| 3 Month Average | 204.767 % | £96,240 | £143,240 |
| 6 Month Average | 219.211 % | £103,029 | £150,029 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Apr 2024 | £136,183 | £135,000 | 685 ASHTON ROAD |
| 27 Mar 2024 | £98,514 | £97,000 | 11 DUCIE STREET |
| 8 Mar 2024 | £101,560 | £100,000 | 12 ROSARY CLOSE |
| 4 Mar 2024 | £137,107 | £135,000 | 724 ASHTON ROAD |
| 13 Oct 2023 | £225,113 | £220,000 | 2 FIR TREE AVENUE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 7 Jul 2014. Using an estimated price of £100,317 means this house is valued at £1,519 per sq meter (£141 per sq foot).
The average size of a house on PARK LANE is 76 sq meters (823 sq feet).