£416,329
This estimated value is based upon the latest sale price for the house of £91,000 on 13 Nov 1998. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £91,000 | 13 Nov 1998 |
| £95,000 | 22 Mar 1996 |
| Detached |
| Leasehold |
| Floor Area: 126 sq meters or 1,356 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 1998 the House Price Index for GREATER MANCHESTER was 32.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 357.505%.Applying this 357.505% change to the original purchase price of £91,000 results in an estimated price of approximately £416,329.
| 13 Nov 1998 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 146.7 | 357.505 % | £91,000 | £325,329 | £416,329 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 199.614 % | £181,648 | £272,648 |
| 3 Month Average | 197.690 % | £179,898 | £270,898 |
| 6 Month Average | 245.391 % | £223,306 | £314,306 |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 29 Sep 2021.
The average size of a house on TERN CLOSE is 159 sq meters (1,717 sq feet).