£167,877
This estimated value is based upon the latest sale price for the house of £145,000 on 2 Jul 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £145,000 | 2 Jul 2021 |
| £111,000 | 12 Sep 2006 |
| £32,000 | 23 Dec 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 64 sq meters or 688 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 July 2021 the House Price Index for GREATER MANCHESTER was 129.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.777%.Applying this 15.777% change to the original purchase price of £145,000 results in an estimated price of approximately £167,877.
| 2 Jul 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 149.7 | 15.777 % | £145,000 | £22,877 | £167,877 |
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 | 6.229 % | £9,031 | £154,031 |
| 3 Month Average | 20.167 % | £29,242 | £174,242 |
| 6 Month Average | 35.246 % | £51,106 | £196,106 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £169,297 | £165,000 | 158 HOLLINS ROAD |
| 17 Nov 2023 | £153,907 | £150,000 | 5 HEMLOCK AVENUE |
| 23 Oct 2023 | £99,766 | £97,500 | 267 COPSTER HILL ROAD |
| 22 Aug 2023 | £188,398 | £185,000 | 6 HALLIWELL AVENUE |
| 8 Sep 2022 | £99,933 | £100,000 | 300 COPSTER HILL ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 22 Sep 2020. Using an estimated price of £167,877 means this house is valued at £2,623 per sq meter (£243 per sq foot).
The average size of a house on HEMLOCK AVENUE is 85 sq meters (920 sq feet).
This house is the smallest in the street with a floor area of 64 sq meters (688 sq feet).