£302,434
This estimated value is based upon the latest sale price for the house of £162,500 on 7 Apr 2009. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £162,500 | 7 Apr 2009 |
| Semi-Detached |
| Leasehold |
| Floor Area: 133 sq meters or 1,431 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 April 2009 the House Price Index for GREATER MANCHESTER was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.114%.Applying this 86.114% change to the original purchase price of £162,500 results in an estimated price of approximately £302,434.
| 7 Apr 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 148.6 | 86.114 % | £162,500 | £139,934 | £302,434 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 169.014 % | £274,648 | £437,148 |
| 3 Month Average | 33.411 % | £54,292 | £216,792 |
| 6 Month Average | 50.582 % | £82,196 | £244,696 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £356,233 | £350,000 | 5 MARSDEN CLOSE |
| 14 Sep 2023 | £387,454 | £382,500 | 121 SHAW ROAD |
| 1 Sep 2023 | £372,260 | £367,500 | 896 OLDHAM ROAD |
| 4 Aug 2023 | £443,883 | £440,000 | 948 OLDHAM ROAD |
| 22 Jul 2022 | £476,282 | £475,000 | 5 FERNDALE AVENUE |
This house has a floor area of 133 sq meters or 1,431 sq feet when measured on 21 May 2013. Using an estimated price of £302,435 means this house is valued at £2,273 per sq meter (£211 per sq foot).
The average size of a house on OLDHAM ROAD is 90 sq meters (969 sq feet).