£147,182
This estimated value is based upon the latest sale price for the house of £82,500 on 28 Nov 2008. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £82,500 | 28 Nov 2008 |
| £69,500 | 27 Mar 2007 |
| Terraced |
| Leasehold |
| Floor Area: 82 sq meters or 882 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 November 2008 the House Price Index for GREATER MANCHESTER was 83.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 78.403%.Applying this 78.403% change to the original purchase price of £82,500 results in an estimated price of approximately £147,182.
| 28 Nov 2008 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.0 | 148.0 | 78.403 % | £82,500 | £64,682 | £147,182 |
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 | -28.756 % | £-23,723 | £58,776 |
| 3 Month Average | 49.451 % | £40,797 | £123,297 |
| 6 Month Average | 25.288 % | £20,862 | £103,362 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £89,803 | £89,500 | 6 MARION STREET |
| 14 Dec 2023 | £83,581 | £82,000 | 82 HONEYWELL LANE |
| 4 Aug 2023 | £100,612 | £100,000 | 55 HONEYWELL LANE |
| 4 Aug 2023 | £100,612 | £100,000 | 19 KENYON AVENUE |
| 13 Jan 2023 | £146,216 | £147,500 | 71 HONEYWELL LANE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 20 Jan 2015. Using an estimated price of £147,183 means this house is valued at £1,794 per sq meter (£166 per sq foot).
The average size of a house on URMSON STREET is 80 sq meters (869 sq feet).