£189,670
This estimated value is based upon the latest sale price for the house of £153,000 on 23 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 |
|---|---|
| £153,000 | 23 Aug 2019 |
| £125,000 | 12 Jul 2012 |
| £54,500 | 12 Jun 1998 |
| £48,000 | 28 Apr 1995 |
| Semi-Detached |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 £153,000 results in an estimated price of approximately £189,670.
| 23 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £153,000 | £36,670 | £189,670 |
The Postcode Pricing Model uses changes in average sales price within the OL15 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 | 4.612 % | £7,056 | £160,056 |
| 3 Month Average | 50.354 % | £77,041 | £230,041 |
| 6 Month Average | 31.584 % | £48,323 | £201,323 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Oct 2023 | £135,579 | £132,500 | 5 NEW ROAD |
| 24 Feb 2023 | £291,950 | £290,000 | 8 FARM WALK |
| 3 Feb 2023 | £90,605 | £90,000 | 42 NEW ROAD |
| 19 Aug 2022 | £261,221 | £260,000 | FLAT 9 ASHLEY DEARNLEY COURT NEW ROAD |
| 4 Mar 2022 | £260,983 | £250,000 | 20 NEW ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 16 Aug 2019. Using an estimated price of £189,670 means this house is valued at £2,495 per sq meter (£231 per sq foot).
The average size of a house on OLIVER CLOSE is 75 sq meters (816 sq feet).