£59,298
This estimated value is based upon the latest sale price for the house of £31,000 on 15 Oct 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £31,000 | 15 Oct 2004 |
| £31,000 | 19 Mar 2003 |
| £29,400 | 26 Jun 1998 |
| 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 October 2004 the House Price Index for GREATER MANCHESTER was 78.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 91.287%.Applying this 91.287% change to the original purchase price of £31,000 results in an estimated price of approximately £59,298.
| 15 Oct 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 149.7 | 91.287 % | £31,000 | £28,298 | £59,298 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 73.841 % | £22,890 | £53,890 |
| 3 Month Average | 75.984 % | £23,554 | £54,554 |
| 6 Month Average | 86.824 % | £26,915 | £57,915 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £148,268 | £145,000 | 88 NEW BARN LANE |
| 11 Aug 2023 | £116,094 | £114,000 | 2 GALES TERRACE |
| 5 Apr 2023 | £83,563 | £82,000 | 49 NEW BARN LANE |
| 24 Mar 2023 | £181,023 | £178,000 | 33 HIGH BARN CLOSE |
| 23 Feb 2023 | £151,009 | £150,000 | 9 DUNSTERVILLE TERRACE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 25 Apr 2016. Using an estimated price of £59,299 means this house is valued at £770 per sq meter (£71 per sq foot).
The average size of a house on NEW BARN LANE is 89 sq meters (967 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other crime | Under investigation | On or near Ribble Street |