£248,612
This estimated value is based upon the latest sale price for the house of £159,000 on 18 Dec 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £159,000 | 18 Dec 2007 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 2007 the House Price Index for GREATER MANCHESTER was 95.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.360%.Applying this 56.360% change to the original purchase price of £159,000 results in an estimated price of approximately £248,612.
| 18 Dec 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.7 | 149.7 | 56.360 % | £159,000 | £89,612 | £248,612 |
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 | 40.951 % | £65,111 | £224,111 |
| 3 Month Average | 47.327 % | £75,249 | £234,249 |
| 6 Month Average | 44.916 % | £71,416 | £230,416 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £122,789 | £120,000 | 107 NORDEN ROAD |
| 29 Sep 2023 | £278,131 | £272,000 | 18 MURRAYFIELD |
| 29 Sep 2023 | £252,568 | £247,000 | 16 MURRAYFIELD |
| 14 Aug 2023 | £152,755 | £150,000 | 66 NORDEN ROAD |
| 11 Aug 2023 | £168,031 | £165,000 | 26 MURRAYFIELD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 22 Nov 2014. Using an estimated price of £248,613 means this house is valued at £3,405 per sq meter (£316 per sq foot).
The average size of a house on WAR OFFICE ROAD is 101 sq meters (1,095 sq feet).