£163,800
This estimated value is based upon the latest sale price for the house of £124,000 on 19 Dec 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £124,000 | 19 Dec 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 December 2016 the House Price Index for GREATER MANCHESTER was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £124,000 results in an estimated price of approximately £163,800.
| 19 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 149.7 | 32.097 % | £124,000 | £39,800 | £163,800 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 52.334 % | £64,894 | £188,894 |
| 3 Month Average | 56.077 % | £69,535 | £193,535 |
| 6 Month Average | 47.226 % | £58,560 | £182,560 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2024 | £216,750 | £216,750 | 73 KNOWL ROAD |
| 15 Dec 2023 | £95,948 | £93,000 | 8 FIELD ROAD |
| 12 Sep 2023 | £163,607 | £160,000 | 81 WILLOWS LANE |
| 8 Sep 2023 | £134,975 | £132,000 | 7 FIELD ROAD |
| 23 Jun 2023 | £177,252 | £173,700 | 24 FIELD ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 2 Mar 2017. Using an estimated price of £163,801 means this house is valued at £1,724 per sq meter (£160 per sq foot).
The average size of a house on PRINCESS ROAD is 72 sq meters (778 sq feet).