£130,345
This estimated value is based upon the latest sale price for the house of £80,000 on 9 Mar 2007. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £80,000 | 9 Mar 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 March 2007 the House Price Index for GREATER MANCHESTER was 91.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 62.932%.Applying this 62.932% change to the original purchase price of £80,000 results in an estimated price of approximately £130,345.
| 9 Mar 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.9 | 149.7 | 62.932 % | £80,000 | £50,345 | £130,345 |
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 | 40.368 % | £32,294 | £112,294 |
| 3 Month Average | 57.032 % | £45,625 | £125,625 |
| 6 Month Average | 45.210 % | £36,168 | £116,168 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £4,952 | £4,800 | 31 BIRCH AVENUE |
| 25 Aug 2023 | £168,031 | £165,000 | 31 ELM ROAD |
| 23 Jun 2023 | £168,374 | £165,000 | 14 WHITEBANK ROAD |
| 14 Apr 2023 | £159,993 | £157,000 | 18 POPLAR AVENUE |
| 23 Dec 2021 | £172,689 | £160,000 | 14 ELM ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 28 Nov 2014. Using an estimated price of £130,346 means this house is valued at £1,649 per sq meter (£153 per sq foot).
The average size of a house on ELM ROAD is 92 sq meters (999 sq feet).