£110,831
This estimated value is based upon the latest sale price for the house of £83,500 on 25 Nov 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £83,500 | 25 Nov 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 November 2016 the House Price Index for GREATER MANCHESTER was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £83,500 results in an estimated price of approximately £110,831.
| 25 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 149.7 | 32.733 % | £83,500 | £27,331 | £110,831 |
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 | 47.702 % | £39,831 | £123,331 |
| 3 Month Average | 61.731 % | £51,545 | £135,045 |
| 6 Month Average | 64.425 % | £53,795 | £137,295 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £190,865 | £185,000 | 8 FIR TREE AVENUE |
| 25 Oct 2023 | £136,091 | £133,000 | 18 LETHAM STREET |
| 13 Oct 2023 | £225,113 | £220,000 | 2 FIR TREE AVENUE |
| 26 Sep 2023 | £96,119 | £94,000 | 635 ASHTON ROAD |
| 11 Aug 2023 | £94,708 | £93,000 | 645 ASHTON ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 21 Jun 2016. Using an estimated price of £110,832 means this house is valued at £1,191 per sq meter (£110 per sq foot).
The average size of a house on FIR TREE AVENUE is 85 sq meters (921 sq feet).