£161,500
This estimated value is based upon the latest sale price for the house of £132,000 on 28 Feb 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £132,000 | 28 Feb 2020 |
| £91,995 | 30 Jan 2004 |
| Semi-Detached |
| Leasehold |
| Floor Area: 69 sq meters or 742 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 February 2020 the House Price Index for GREATER MANCHESTER was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £132,000 results in an estimated price of approximately £161,500.
| 28 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £132,000 | £29,500 | £161,500 |
The Postcode Pricing Model uses changes in average sales price within the OL1 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 | -35.064 % | £-46,284 | £85,715 |
| 3 Month Average | 29.887 % | £39,450 | £171,450 |
| 6 Month Average | 14.884 % | £19,647 | £151,647 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £279,575 | £276,000 | 25 SHADOWBROOK CLOSE |
| 23 Aug 2023 | £163,430 | £162,000 | 2 WOOLMORE AVENUE |
| 13 Jan 2023 | £194,086 | £195,000 | 12 PENWELL FOLD |
| 19 Jul 2022 | £125,337 | £125,000 | 10 PENWELL FOLD |
| 13 May 2022 | £192,630 | £189,000 | 6 WOOLMORE AVENUE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 14 Feb 2020. Using an estimated price of £161,501 means this house is valued at £2,340 per sq meter (£217 per sq foot).
The average size of a house on PENWELL FOLD is 82 sq meters (890 sq feet).