£260,969
This estimated value is based upon the latest sale price for the house of £210,000 on 18 Dec 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £210,000 | 18 Dec 2018 |
| £185,000 | 17 May 2017 |
| £82,000 | 16 Jul 1999 |
| £86,000 | 5 May 1998 |
| Detached |
| Leasehold |
| Floor Area: 127 sq meters or 1,367 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 2018 the House Price Index for GREATER MANCHESTER was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £210,000 results in an estimated price of approximately £260,969.
| 18 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £210,000 | £50,969 | £260,969 |
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 | 43.908 % | £92,205 | £302,205 |
| 3 Month Average | 14.538 % | £30,529 | £240,529 |
| 6 Month Average | 35.587 % | £74,733 | £284,733 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £280,000 | £280,000 | 721 EDENFIELD ROAD |
| 24 Mar 2023 | £185,091 | £182,000 | 15 SHEPHERD STREET |
| 24 Jan 2023 | £134,359 | £134,000 | 16 INDUSTRY STREET |
| 12 Sep 2022 | £309,793 | £310,000 | 7 HIBSON AVENUE |
| 21 Feb 2022 | £170,090 | £161,000 | 1 SHEPHERD STREET |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 22 Apr 2016. Using an estimated price of £260,969 means this house is valued at £2,054 per sq meter (£190 per sq foot).
The average size of a house on EDENFIELD ROAD is 106 sq meters (1,149 sq feet).