£97,257
This estimated value is based upon the latest sale price for the house of £76,500 on 27 Oct 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £76,500 | 27 Oct 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 October 2017 the House Price Index for GREATER MANCHESTER was 117.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £76,500 results in an estimated price of approximately £97,257.
| 27 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 149.7 | 27.134 % | £76,500 | £20,757 | £97,257 |
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 | 47.416 % | £36,273 | £112,773 |
| 3 Month Average | 44.796 % | £34,269 | £110,769 |
| 6 Month Average | 57.152 % | £43,721 | £120,221 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2024 | £110,000 | £110,000 | 11 WALTERS DRIVE |
| 17 Nov 2023 | £216,496 | £211,000 | 3 LICHENS CRESCENT |
| 1 Sep 2023 | £138,043 | £135,000 | 12 HOUGH CLOSE |
| 2 Jun 2023 | £158,170 | £155,000 | 19 WILDBROOK CRESCENT |
| 28 Feb 2023 | £3,222 | £3,200 | 40 LICHENS CRESCENT |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 20 Oct 2017. Using an estimated price of £97,258 means this house is valued at £908 per sq meter (£84 per sq foot).
The average size of a house on LICHENS CRESCENT is 99 sq meters (1,072 sq feet).