£191,251
This estimated value is based upon the latest sale price for the house of £168,000 on 21 May 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £168,000 | 21 May 2021 |
| £155,000 | 18 Nov 2016 |
| £108,000 | 17 May 2004 |
| Semi-Detached |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 May 2021 the House Price Index for GREATER MANCHESTER was 131.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.840%.Applying this 13.840% change to the original purchase price of £168,000 results in an estimated price of approximately £191,251.
| 21 May 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 149.7 | 13.840 % | £168,000 | £23,251 | £191,251 |
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 | 15.949 % | £26,794 | £194,794 |
| 3 Month Average | 30.969 % | £52,028 | £220,028 |
| 6 Month Average | 35.352 % | £59,392 | £227,392 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £188,801 | £183,000 | 6 LINK LANE |
| 23 Nov 2023 | £97,474 | £95,000 | 313 HOLLINS ROAD |
| 21 Feb 2023 | £352,354 | £350,000 | 20 MIDDLE GATE |
| 22 Jul 2022 | £216,166 | £214,000 | 10 LINK LANE |
| 27 May 2022 | £169,414 | £165,000 | 23 NORTH GATE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 7 Sep 2016. Using an estimated price of £191,252 means this house is valued at £2,854 per sq meter (£265 per sq foot).
The average size of a house on NORTH GATE is 76 sq meters (824 sq feet).