£94,880
This estimated value is based upon the latest sale price for the house of £76,000 on 3 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 |
|---|---|
| £76,000 | 3 Jul 2018 |
| £71,000 | 16 Oct 2015 |
| Terraced |
| Leasehold |
| 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 £76,000 results in an estimated price of approximately £94,880.
| 3 Jul 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 149.7 | 24.843 % | £76,000 | £18,880 | £94,880 |
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 | 67.766 % | £51,501 | £127,501 |
| 3 Month Average | 50.800 % | £38,607 | £114,607 |
| 6 Month Average | 46.292 % | £35,181 | £111,181 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £116,794 | £115,000 | 183 HERON STREET |
| 29 Sep 2023 | £125,773 | £123,000 | 219 HERON STREET |
| 18 Aug 2023 | £153,773 | £151,000 | 223 HERON STREET |
| 10 Mar 2023 | £284,755 | £280,000 | 5 LOW VALE DRIVE |
| 22 Jul 2022 | £191,873 | £189,950 | 271 CHAMBER ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 12 Jan 2016. Using an estimated price of £94,881 means this house is valued at £1,355 per sq meter (£125 per sq foot).
The average size of a house on CHAMBER ROAD is 115 sq meters (1,244 sq feet).