£162,295
This estimated value is based upon the latest sale price for the house of £130,000 on 20 Jul 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £130,000 | 20 Jul 2018 |
| £67,000 | 20 Jul 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 July 2018 the House Price Index for GREATER MANCHESTER was 119.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.843%.Applying this 24.843% change to the original purchase price of £130,000 results in an estimated price of approximately £162,295.
| 20 Jul 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 149.7 | 24.843 % | £130,000 | £32,295 | £162,295 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 56.156 % | £73,003 | £203,003 |
| 3 Month Average | 36.357 % | £47,264 | £177,264 |
| 6 Month Average | 36.898 % | £47,967 | £177,967 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £200,074 | £197,000 | 25 FAIRWAY |
| 16 Oct 2023 | £117,673 | £115,000 | 82 PARTINGTON STREET |
| 29 Aug 2023 | £234,224 | £230,000 | 196 HEYWOOD ROAD |
| 17 Mar 2023 | £148,480 | £146,000 | 19 CASTLEWAY |
| 25 Jul 2022 | £75,759 | £75,000 | 51 RODNEY STREET |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 27 Nov 2017. Using an estimated price of £162,296 means this house is valued at £2,318 per sq meter (£215 per sq foot).
The average size of a house on FAIRWAY is 70 sq meters (756 sq feet).