£64,695
This estimated value is based upon the latest sale price for the house of £44,000 on 29 May 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £44,000 | 29 May 2015 |
| £89,500 | 20 Jun 2008 |
| Terraced |
| Freehold |
| Floor Area: 59 sq meters or 635 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 2015 the House Price Index for GREATER MANCHESTER was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £44,000 results in an estimated price of approximately £64,695.
| 29 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 149.7 | 47.034 % | £44,000 | £20,695 | £64,695 |
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 | 53.775 % | £23,660 | £67,660 |
| 3 Month Average | 58.750 % | £25,849 | £69,849 |
| 6 Month Average | 65.207 % | £28,691 | £72,691 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £216,000 | £216,000 | 5 GREEN LANE |
| 8 Mar 2024 | £192,965 | £190,000 | 33 ELM ROAD |
| 25 Aug 2023 | £168,031 | £165,000 | 31 ELM ROAD |
| 11 Aug 2023 | £208,765 | £205,000 | 8 GREEN LANE |
| 14 Apr 2023 | £159,993 | £157,000 | 18 POPLAR AVENUE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 23 Apr 2013. Using an estimated price of £64,695 means this house is valued at £1,096 per sq meter (£101 per sq foot).
The average size of a house on TROUGH GATE is 91 sq meters (985 sq feet).
This house is the smallest in the street with a floor area of 59 sq meters (635 sq feet).