£236,225
This estimated value is based upon the latest sale price for the house of £187,995 on 25 May 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £187,995 | 25 May 2018 |
| Semi-Detached |
| Leasehold |
| Floor Area: 85 sq meters or 914 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 May 2018 the House Price Index for GREATER MANCHESTER was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £187,995 results in an estimated price of approximately £236,225.
| 25 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £187,995 | £48,230 | £236,225 |
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 | 54.461 % | £102,383 | £290,378 |
| 3 Month Average | 42.298 % | £79,518 | £267,513 |
| 6 Month Average | 41.441 % | £77,906 | £265,901 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £116,794 | £115,000 | 183 HERON STREET |
| 18 Aug 2023 | £153,773 | £151,000 | 223 HERON STREET |
| 10 Mar 2023 | £284,755 | £280,000 | 5 LOW VALE DRIVE |
| 22 Jul 2022 | £191,873 | £189,950 | 271 CHAMBER ROAD |
| 24 Feb 2022 | £52,823 | £50,000 | 199 HERON STREET |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 28 Mar 2018. Using an estimated price of £236,226 means this house is valued at £2,779 per sq meter (£258 per sq foot).
The average size of a house on CHAMBER ROAD is 115 sq meters (1,244 sq feet).