£129,754
This estimated value is based upon the latest sale price for the house of £70,000 on 8 Jun 2009. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £70,000 | 8 Jun 2009 |
| Terraced |
| Leasehold |
| Floor Area: 77 sq meters or 828 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 June 2009 the House Price Index for GREATER MANCHESTER was 80.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 85.364%.Applying this 85.364% change to the original purchase price of £70,000 results in an estimated price of approximately £129,754.
| 8 Jun 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 149.7 | 85.364 % | £70,000 | £59,754 | £129,754 |
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 | 52.235 % | £36,564 | £106,564 |
| 3 Month Average | 55.541 % | £38,878 | £108,878 |
| 6 Month Average | 57.032 % | £39,922 | £109,922 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 May 2024 | £155,000 | £155,000 | 72 WOLVERTON AVENUE |
| 30 Nov 2023 | £164,167 | £160,000 | 100 REPTON AVENUE |
| 25 Oct 2023 | £107,440 | £105,000 | 280 HERON STREET |
| 21 Mar 2023 | £91,529 | £90,000 | 84 WOLVERTON AVENUE |
| 16 Mar 2023 | £121,021 | £119,000 | 114 REPTON AVENUE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 27 Feb 2016. Using an estimated price of £129,755 means this house is valued at £1,685 per sq meter (£156 per sq foot).
The average size of a house on MERTON AVENUE is 82 sq meters (888 sq feet).