£79,724
This estimated value is based upon the latest sale price for the house of £61,500 on 5 May 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £61,500 | 5 May 2017 |
| £68,000 | 22 Oct 2007 |
| Terraced |
| Leasehold |
| Floor Area: 44 sq meters or 473 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 May 2017 the House Price Index for GREATER MANCHESTER was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £61,500 results in an estimated price of approximately £79,724.
| 5 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £61,500 | £18,224 | £79,724 |
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 | 34.481 % | £21,205 | £82,705 |
| 3 Month Average | 44.204 % | £27,185 | £88,685 |
| 6 Month Average | 51.380 % | £31,598 | £93,098 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £95,432 | £92,500 | 64 CANBERRA WAY |
| 22 Sep 2023 | £163,607 | £160,000 | 34 MELBOURNE CLOSE |
| 24 Feb 2023 | £95,639 | £95,000 | 24 CANBERRA WAY |
| 1 Jun 2022 | £161,451 | £158,000 | 19 MELBOURNE CLOSE |
| 27 May 2022 | £102,675 | £100,000 | 42 CANBERRA WAY |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 28 Jul 2016. Using an estimated price of £79,724 means this house is valued at £1,811 per sq meter (£168 per sq foot).
The average size of a house on MELBOURNE CLOSE is 78 sq meters (847 sq feet).
This house is the smallest in the street with a floor area of 44 sq meters (473 sq feet).