£150,797
This estimated value is based upon the latest sale price for the house of £122,000 on 26 Sep 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £122,000 | 26 Sep 2019 |
| Semi-Detached |
| Leasehold |
| Floor Area: 82 sq meters or 882 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 2019 the House Price Index for GREATER MANCHESTER was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £122,000 results in an estimated price of approximately £150,797.
| 26 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £122,000 | £28,797 | £150,797 |
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 | 45.120 % | £55,046 | £177,046 |
| 3 Month Average | 56.685 % | £69,155 | £191,155 |
| 6 Month Average | 35.620 % | £43,456 | £165,456 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £189,818 | £185,000 | 7 THE CROFT |
| 25 Aug 2023 | £168,031 | £165,000 | 31 ELM ROAD |
| 11 Aug 2023 | £208,765 | £205,000 | 8 GREEN LANE |
| 27 Mar 2023 | £143,903 | £141,500 | 16 GREEN LANE |
| 21 Feb 2023 | £352,354 | £350,000 | 20 MIDDLE GATE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 13 Nov 2013. Using an estimated price of £150,798 means this house is valued at £1,839 per sq meter (£170 per sq foot).
The average size of a house on GREEN LANE is 100 sq meters (1,086 sq feet).