£1,672
This estimated value is based upon the latest sale price for the house of £1,700 on 18 Nov 2022. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £1,700 | 18 Nov 2022 |
| Freehold |
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 November 2022 the House Price Index for GREATER MANCHESTER was 150.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -1.596%.Applying this -1.596% change to the original purchase price of £1,700 results in an estimated price of approximately £1,672.
| 18 Nov 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 148.0 | -1.596 % | £1,700 | £-27 | £1,672 |
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 | -60.477 % | £-1,028 | £671 |
| 3 Month Average | -13.674 % | £-232 | £1,467 |
| 6 Month Average | -20.564 % | £-349 | £1,350 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £101,928 | £100,000 | 77 REINS LEE AVENUE |
| 9 Nov 2023 | £174,237 | £172,000 | 138 FIR TREE AVENUE |
| 31 Jul 2023 | £166,576 | £165,000 | 2 WOODPARK CLOSE |
| 6 Jun 2023 | £80,654 | £80,000 | 8 REINS LEE AVENUE |
| 6 Apr 2023 | £160,191 | £159,000 | 84 FIR TREE AVENUE |