£244,912
This estimated value is based upon the latest sale price for the house of £52,225 on 8 May 1998. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £52,225 | 8 May 1998 |
| Semi-Detached |
| Leasehold |
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 May 1998 the House Price Index for GREATER MANCHESTER was 31.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 368.957%.Applying this 368.957% change to the original purchase price of £52,225 results in an estimated price of approximately £244,912.
| 8 May 1998 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.6 | 148.0 | 368.957 % | £52,225 | £192,687 | £244,912 |
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 | 60.096 % | £31,385 | £83,610 |
| 3 Month Average | 298.016 % | £155,638 | £207,863 |
| 6 Month Average | 272.204 % | £142,158 | £194,383 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jun 2023 | £217,766 | £216,000 | 12 CHERWELL CLOSE |
| 22 Mar 2023 | £251,359 | £250,000 | 9 SEVERN ROAD |
| 15 Mar 2023 | £246,332 | £245,000 | 20 SEVERN ROAD |
| 30 Nov 2022 | £290,293 | £295,000 | 14 SEVERN ROAD |
| 22 Jul 2022 | £199,680 | £199,950 | 20 CHERWELL CLOSE |