£98,783
This estimated value is based upon the latest sale price for the house of £57,000 on 10 Mar 2011. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £57,000 | 10 Mar 2011 |
| Terraced |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 March 2011 the House Price Index for GREATER MANCHESTER was 86.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.305%.Applying this 73.305% change to the original purchase price of £57,000 results in an estimated price of approximately £98,783.
| 10 Mar 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.4 | 149.7 | 73.305 % | £57,000 | £41,783 | £98,783 |
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 | 83.384 % | £47,528 | £104,528 |
| 3 Month Average | 89.496 % | £51,012 | £108,012 |
| 6 Month Average | 73.320 % | £41,792 | £98,792 |
| 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 70 sq meters or 753 sq feet when measured on 31 Oct 2019. Using an estimated price of £98,784 means this house is valued at £1,411 per sq meter (£131 per sq foot).
The average size of a house on WIGAN ROAD is 97 sq meters (1,052 sq feet).