£165,068
This estimated value is based upon the latest sale price for the house of £145,000 on 18 May 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £145,000 | 18 May 2021 |
| £33,000 | 25 Jul 2003 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 2021 the House Price Index for GREATER MANCHESTER was 131.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.840%.Applying this 13.840% change to the original purchase price of £145,000 results in an estimated price of approximately £165,068.
| 18 May 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 149.7 | 13.840 % | £145,000 | £20,068 | £165,068 |
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 | 8.860 % | £12,847 | £157,847 |
| 3 Month Average | 39.135 % | £56,746 | £201,746 |
| 6 Month Average | 33.956 % | £49,235 | £194,235 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £4,952 | £4,800 | 31 BIRCH AVENUE |
| 13 Oct 2023 | £235,345 | £230,000 | 19 CLIVE STREET |
| 14 Apr 2023 | £159,993 | £157,000 | 18 POPLAR AVENUE |
| 17 Mar 2023 | £132,208 | £130,000 | 12 ALDER LANE |
| 10 Nov 2021 | £147,085 | £135,000 | 1 HOUGHTON AVENUE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 26 Nov 2012. Using an estimated price of £165,068 means this house is valued at £1,634 per sq meter (£151 per sq foot).
The average size of a house on BIRCH AVENUE is 105 sq meters (1,134 sq feet).