£272,076
This estimated value is based upon the latest sale price for the house of £235,000 on 14 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 |
|---|---|
| £235,000 | 14 Jul 2021 |
| £115,000 | 25 Jun 2004 |
| Semi-Detached |
| Leasehold |
| Floor Area: 113 sq meters or 1,216 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 £235,000 results in an estimated price of approximately £272,076.
| 14 Jul 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 149.7 | 15.777 % | £235,000 | £37,076 | £272,076 |
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 % | £14,637 | £249,637 |
| 3 Month Average | 20.167 % | £47,393 | £282,393 |
| 6 Month Average | 35.246 % | £82,827 | £317,827 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Feb 2023 | £352,354 | £350,000 | 20 MIDDLE GATE |
| 27 May 2022 | £169,414 | £165,000 | 23 NORTH GATE |
| 14 Jul 2021 | £272,077 | £235,000 | 8 MEADOW LANE |
| 21 May 2021 | £191,252 | £168,000 | 51 NORTH GATE |
| 7 Dec 2020 | £215,541 | £186,420 | 77 NORTH GATE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 17 Sep 2018. Using an estimated price of £272,077 means this house is valued at £2,407 per sq meter (£223 per sq foot).
The average size of a house on MEADOW LANE is 106 sq meters (1,146 sq feet).