£147,085
This estimated value is based upon the latest sale price for the house of £135,000 on 12 Nov 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £135,000 | 12 Nov 2021 |
| £117,500 | 10 Oct 2014 |
| £124,995 | 28 May 2010 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 2021 the House Price Index for GREATER MANCHESTER was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £135,000 results in an estimated price of approximately £147,085.
| 12 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £135,000 | £12,085 | £147,085 |
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 | 39.127 % | £52,821 | £187,821 |
| 3 Month Average | 1.369 % | £1,848 | £136,848 |
| 6 Month Average | 7.493 % | £10,115 | £145,115 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £147,663 | £145,000 | APARTMENT 7 2 PAPERHOUSE CLOSE |
| 9 Feb 2023 | £153,022 | £152,000 | APARTMENT 5 3 PAPERHOUSE CLOSE |
| 29 Jul 2022 | £150,508 | £149,000 | APARTMENT 3 2 PAPERHOUSE CLOSE |
| 27 May 2022 | £256,687 | £250,000 | 3 COAL BANK FOLD |
| 19 Apr 2022 | £285,291 | £275,000 | 30B HUTCHINSON ROAD |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 17 Jun 2021. Using an estimated price of £147,085 means this house is valued at £2,828 per sq meter (£262 per sq foot).
The average size of a house on PAPERHOUSE CLOSE is 59 sq meters (644 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (559 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Mill Croft Close |