£77,561
This estimated value is based upon the latest sale price for the house of £57,000 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £57,000 | 31 Mar 2016 |
| £20,000 | 28 Sep 2001 |
| £27,500 | 1 Mar 1996 |
| £14,500 | 15 Sep 1995 |
| Terraced |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 March 2016 the House Price Index for GREATER MANCHESTER was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £57,000 results in an estimated price of approximately £77,561.
| 31 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £57,000 | £20,561 | £77,561 |
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 | 90.338 % | £51,492 | £108,492 |
| 3 Month Average | 79.015 % | £45,038 | £102,038 |
| 6 Month Average | 83.842 % | £47,789 | £104,789 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £188,801 | £183,000 | 6 LINK LANE |
| 23 Nov 2023 | £97,474 | £95,000 | 313 HOLLINS ROAD |
| 29 Sep 2023 | £175,877 | £172,000 | 5 HARROW AVENUE |
| 27 Mar 2023 | £142,378 | £140,000 | 28 HARROW AVENUE |
| 3 Mar 2023 | £264,416 | £260,000 | 20 CORONA AVENUE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 29 May 2015. Using an estimated price of £77,562 means this house is valued at £1,092 per sq meter (£101 per sq foot).
The average size of a house on HOLLINS ROAD is 79 sq meters (857 sq feet).