£71,855
This estimated value is based upon the latest sale price for the house of £48,000 on 13 Jan 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £48,000 | 13 Jan 2015 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 2015 the House Price Index for GREATER MANCHESTER was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £48,000 results in an estimated price of approximately £71,855.
| 13 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 149.7 | 49.700 % | £48,000 | £23,855 | £71,855 |
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 | 19.578 % | £9,397 | £57,397 |
| 3 Month Average | 89.409 % | £42,916 | £90,916 |
| 6 Month Average | 63.587 % | £30,521 | £78,521 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £134,070 | £129,950 | 11 TANNERS FOLD |
| 17 Nov 2023 | £216,496 | £211,000 | 3 LICHENS CRESCENT |
| 9 Nov 2023 | £176,480 | £172,000 | 138 FIR TREE AVENUE |
| 22 Sep 2023 | £163,607 | £160,000 | 31 TANNERS FOLD |
| 6 Apr 2023 | £162,031 | £159,000 | 84 FIR TREE AVENUE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 4 Aug 2014. Using an estimated price of £71,856 means this house is valued at £921 per sq meter (£85 per sq foot).
There is one other house on the street which we know the size of, this is 3 THE GREEN it is 57.0