£125,366
This estimated value is based upon the latest sale price for the house of £112,470 on 14 Oct 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £112,470 | 14 Oct 2021 |
| £115,000 | 23 Sep 2013 |
| £58,500 | 27 Mar 2002 |
| £39,000 | 15 Jul 1998 |
| Terraced |
| Leasehold |
| Floor Area: 112 sq meters or 1,205 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 October 2021 the House Price Index for GREATER MANCHESTER was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £112,470 results in an estimated price of approximately £125,366.
| 14 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £112,470 | £12,896 | £125,366 |
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 | 13.235 % | £14,885 | £127,355 |
| 3 Month Average | 12.211 % | £13,733 | £126,203 |
| 6 Month Average | 20.669 % | £23,246 | £135,716 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Nov 2021 | £141,638 | £130,000 | 22 GARTHWAITE AVENUE |
| 14 Oct 2021 | £125,367 | £112,470 | 5 COLLEGE ROAD |
| 16 Jul 2021 | £243,132 | £210,000 | 283 FREDERICK STREET |
| 21 Mar 2021 | £218,663 | £195,000 | 9 GARTHWAITE AVENUE |
| 3 Jul 2020 | £179,069 | £147,000 | 32 GRENDON AVENUE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 1 Sep 2014. Using an estimated price of £125,367 means this house is valued at £1,119 per sq meter (£103 per sq foot).
The average size of a house on COLLEGE ROAD is 139 sq meters (1,501 sq feet).