£94,354
This estimated value is based upon the latest sale price for the house of £60,000 on 18 Sep 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £60,000 | 18 Sep 2007 |
| £52,950 | 26 Jan 2005 |
| Semi-Detached |
| 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 September 2007 the House Price Index for GREATER MANCHESTER was 95.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.257%.Applying this 57.257% change to the original purchase price of £60,000 results in an estimated price of approximately £94,354.
| 18 Sep 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.2 | 149.7 | 57.257 % | £60,000 | £34,354 | £94,354 |
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 | 47.548 % | £28,528 | £88,528 |
| 3 Month Average | 46.731 % | £28,038 | £88,038 |
| 6 Month Average | 48.603 % | £29,161 | £89,161 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2024 | £110,000 | £110,000 | 11 WALTERS DRIVE |
| 17 Nov 2023 | £216,496 | £211,000 | 3 LICHENS CRESCENT |
| 1 Sep 2023 | £138,043 | £135,000 | 12 HOUGH CLOSE |
| 2 Jun 2023 | £158,170 | £155,000 | 19 WILDBROOK CRESCENT |
| 28 Feb 2023 | £3,222 | £3,200 | 40 LICHENS CRESCENT |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 14 May 2019. Using an estimated price of £94,354 means this house is valued at £1,310 per sq meter (£121 per sq foot).
The average size of a house on LICHENS CRESCENT is 99 sq meters (1,072 sq feet).