£152,862
This estimated value is based upon the latest sale price for the house of £95,000 on 23 Jan 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £95,000 | 23 Jan 2014 |
| Terraced |
| Freehold |
| Floor Area: 57 sq meters or 613 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 January 2014 the House Price Index for GREATER MANCHESTER was 93.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.908%.Applying this 60.908% change to the original purchase price of £95,000 results in an estimated price of approximately £152,862.
| 23 Jan 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 149.7 | 60.908 % | £95,000 | £57,862 | £152,862 |
The Postcode Pricing Model uses changes in average sales price within the OL7 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 | 118.969 % | £113,020 | £208,020 |
| 3 Month Average | 80.525 % | £76,498 | £171,498 |
| 6 Month Average | 76.253 % | £72,440 | £167,440 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 May 2024 | £302,000 | £302,000 | 564 OLDHAM ROAD |
| 19 Apr 2024 | £141,226 | £140,000 | 23 TREE HOUSE AVENUE |
| 15 Dec 2023 | £142,375 | £138,000 | 41 OAKEN CLOUGH |
| 18 Sep 2023 | £196,328 | £192,000 | 17 OAKEN CLOUGH |
| 30 Jun 2023 | £173,476 | £170,000 | 568 OLDHAM ROAD |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 17 Jul 2013. Using an estimated price of £152,862 means this house is valued at £2,681 per sq meter (£249 per sq foot).
The average size of a house on OLDHAM ROAD is 83 sq meters (893 sq feet).