£62,423
This estimated value is based upon the latest sale price for the house of £34,000 on 3 Oct 2005. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £34,000 | 3 Oct 2005 |
| £50,000 | 26 Mar 1996 |
| Terraced |
| Leasehold |
| Floor Area: 134 sq meters or 1,442 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 2005 the House Price Index for GREATER MANCHESTER was 81.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 83.599%.Applying this 83.599% change to the original purchase price of £34,000 results in an estimated price of approximately £62,423.
| 3 Oct 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.5 | 149.7 | 83.599 % | £34,000 | £28,423 | £62,423 |
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 | 111.294 % | £37,839 | £71,839 |
| 3 Month Average | 91.938 % | £31,258 | £65,258 |
| 6 Month Average | 100.063 % | £34,021 | £68,021 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Mar 2024 | £134,060 | £132,000 | 66 WOLVERTON AVENUE |
| 22 Jul 2022 | £191,873 | £189,950 | 271 CHAMBER ROAD |
| 4 Dec 2020 | £115,621 | £100,000 | 229 CHAMBER ROAD |
| 7 Jul 2020 | £201 | £165 | 251 CHAMBER ROAD |
| 10 Feb 2020 | £129,417 | £105,000 | 12 CARTMEL CLOSE |
This house has a floor area of 134 sq meters or 1,442 sq feet when measured on 18 Jul 2013. Using an estimated price of £62,424 means this house is valued at £465 per sq meter (£43 per sq foot).
The average size of a house on CHAMBER ROAD is 115 sq meters (1,244 sq feet).