£122,267
This estimated value is based upon the latest sale price for the house of £44,250 on 14 Aug 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £44,250 | 14 Aug 2002 |
| Terraced |
| Leasehold |
| Floor Area: 135 sq meters or 1,453 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 August 2002 the House Price Index for GREATER MANCHESTER was 54.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 176.311%.Applying this 176.311% change to the original purchase price of £44,250 results in an estimated price of approximately £122,267.
| 14 Aug 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 54.2 | 149.7 | 176.311 % | £44,250 | £78,017 | £122,267 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 272.011 % | £120,364 | £164,614 |
| 3 Month Average | 255.849 % | £113,213 | £157,463 |
| 6 Month Average | 267.067 % | £118,177 | £162,427 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £115,943 | £113,000 | 249 WILLOWS LANE |
| 24 Apr 2023 | £127,383 | £125,000 | 2 CLUNTON AVENUE |
| 3 Mar 2023 | £151,530 | £148,999 | 5 CLUNTON AVENUE |
| 31 Jan 2023 | £150,402 | £150,000 | 223 WILLOWS LANE |
| 7 Oct 2022 | £132,557 | £133,000 | 12 NUNNERY ROAD |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 22 Dec 2015. Using an estimated price of £122,267 means this house is valued at £905 per sq meter (£84 per sq foot).
The average size of a house on WILLOWS LANE is 87 sq meters (940 sq feet).