£210,744
This estimated value is based upon the latest sale price for the house of £170,000 on 2 Aug 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £170,000 | 2 Aug 2019 |
| £170,000 | 4 Nov 2009 |
| Terraced |
| Leasehold |
| Floor Area: 226 sq meters or 2,432 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 August 2019 the House Price Index for GREATER MANCHESTER was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £170,000 results in an estimated price of approximately £210,744.
| 2 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £170,000 | £40,744 | £210,744 |
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 | 27.875 % | £47,387 | £217,387 |
| 3 Month Average | 54.077 % | £91,930 | £261,930 |
| 6 Month Average | 36.525 % | £62,091 | £232,091 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £107,735 | £105,000 | 23 STUART STREET |
| 28 Apr 2023 | £81,525 | £80,000 | 48 WELLINGTON ROAD |
| 2 Apr 2023 | £66,239 | £65,000 | 92 CHELMSFORD STREET |
| 12 Jul 2021 | £84,517 | £73,000 | 40 WELLINGTON ROAD |
| 27 Nov 2020 | £93,435 | £80,000 | 44 CHELMSFORD STREET |
This house has a floor area of 226 sq meters or 2,432 sq feet when measured on 20 May 2016. Using an estimated price of £210,745 means this house is valued at £932 per sq meter (£86 per sq foot).
The average size of a house on WELLINGTON ROAD is 131 sq meters (1,420 sq feet).