£50,808
This estimated value is based upon the latest sale price for the house of £15,000 on 18 Jul 2001. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £15,000 | 18 Jul 2001 |
| £15,000 | 30 Mar 2001 |
| Terraced |
| Leasehold |
| Floor Area: 74 sq meters or 797 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 July 2001 the House Price Index for GREATER MANCHESTER was 44.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 238.726%.Applying this 238.726% change to the original purchase price of £15,000 results in an estimated price of approximately £50,808.
| 18 Jul 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 149.7 | 238.726 % | £15,000 | £35,808 | £50,808 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 316.131 % | £47,419 | £62,419 |
| 3 Month Average | 295.042 % | £44,256 | £59,256 |
| 6 Month Average | 310.965 % | £46,644 | £61,644 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £126,000 | £126,000 | 518 WIGAN ROAD |
| 22 Apr 2024 | £95,832 | £95,000 | 524 WIGAN ROAD |
| 12 Oct 2023 | £122,789 | £120,000 | 490 WIGAN ROAD |
| 27 Sep 2023 | £117,592 | £115,000 | 503 WIGAN ROAD |
| 27 Jan 2023 | £152,407 | £152,000 | 25 CHIP HILL ROAD |
This house has a floor area of 74 sq meters or 797 sq feet when measured on 15 Oct 2009. Using an estimated price of £50,809 means this house is valued at £686 per sq meter (£63 per sq foot).
The average size of a house on WIGAN ROAD is 97 sq meters (1,052 sq feet).