£219,102
This estimated value is based upon the latest sale price for the house of £119,950 on 9 Jan 2009. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £119,950 | 9 Jan 2009 |
| £56,000 | 30 Dec 2008 |
| £97,950 | 19 Dec 2008 |
| £81,995 | 12 Sep 2003 |
| Semi-Detached |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 January 2009 the House Price Index for GREATER MANCHESTER was 81.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 82.661%.Applying this 82.661% change to the original purchase price of £119,950 results in an estimated price of approximately £219,102.
| 9 Jan 2009 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.0 | 148.0 | 82.661 % | £119,950 | £99,152 | £219,102 |
The Postcode Pricing Model uses changes in average sales price within the OL1 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 | 109.088 % | £130,851 | £250,801 |
| 3 Month Average | 58.815 % | £70,548 | £190,498 |
| 6 Month Average | 41.379 % | £49,633 | £169,583 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £162,991 | £162,000 | 2 WOOLMORE AVENUE |
| 13 Jan 2023 | £193,302 | £195,000 | 12 PENWELL FOLD |
| 19 Jul 2022 | £124,831 | £125,000 | 10 PENWELL FOLD |
| 13 May 2022 | £191,852 | £189,000 | 6 WOOLMORE AVENUE |
| 4 Feb 2022 | £308,116 | £295,000 | 38 HANSBY CLOSE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 5 Dec 2013. Using an estimated price of £219,102 means this house is valued at £3,270 per sq meter (£303 per sq foot).
The average size of a house on PENWELL FOLD is 82 sq meters (890 sq feet).