£127,871
This estimated value is based upon the latest sale price for the house of £80,000 on 29 Jun 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £80,000 | 29 Jun 2007 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 June 2007 the House Price Index for GREATER MANCHESTER was 93.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.839%.Applying this 59.839% change to the original purchase price of £80,000 results in an estimated price of approximately £127,871.
| 29 Jun 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.7 | 149.7 | 59.839 % | £80,000 | £47,871 | £127,871 |
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 | 53.644 % | £42,915 | £122,915 |
| 3 Month Average | 57.871 % | £46,297 | £126,297 |
| 6 Month Average | 47.635 % | £38,107 | £118,107 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Apr 2024 | £136,183 | £135,000 | 685 ASHTON ROAD |
| 27 Mar 2024 | £98,514 | £97,000 | 11 DUCIE STREET |
| 8 Mar 2024 | £101,560 | £100,000 | 12 ROSARY CLOSE |
| 4 Mar 2024 | £137,107 | £135,000 | 724 ASHTON ROAD |
| 13 Oct 2023 | £225,113 | £220,000 | 2 FIR TREE AVENUE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 11 Feb 2013. Using an estimated price of £127,871 means this house is valued at £1,598 per sq meter (£148 per sq foot).
The average size of a house on PARK LANE is 76 sq meters (823 sq feet).