£85,725
This estimated value is based upon the latest sale price for the house of £67,000 on 25 Aug 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £67,000 | 25 Aug 2017 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 August 2017 the House Price Index for GREATER MANCHESTER was 117.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.949%.Applying this 27.949% change to the original purchase price of £67,000 results in an estimated price of approximately £85,725.
| 25 Aug 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 149.7 | 27.949 % | £67,000 | £18,725 | £85,725 |
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 | 20.755 % | £13,906 | £80,906 |
| 3 Month Average | 44.648 % | £29,914 | £96,914 |
| 6 Month Average | 44.669 % | £29,927 | £96,927 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Oct 2024 | £303,000 | £303,000 | 4 HARGREAVES STREET |
| 17 Sep 2024 | £232,000 | £232,000 | 14 ONSLOW STREET |
| 20 Oct 2023 | £255,810 | £250,000 | 25 MANLEY ROAD |
| 16 Aug 2023 | £142,571 | £140,000 | 74 BOLTON ROAD |
| 2 Sep 2022 | £152,898 | £153,000 | 44 BORROWDALE DRIVE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 5 Apr 2017. Using an estimated price of £85,726 means this house is valued at £1,190 per sq meter (£110 per sq foot).
The average size of a house on MEADWAY is 90 sq meters (976 sq feet).