£201,815
This estimated value is based upon the latest sale price for the house of £150,000 on 3 Jun 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £150,000 | 3 Jun 2016 |
| £115,000 | 16 Jul 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 June 2016 the House Price Index for GREATER MANCHESTER was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £150,000 results in an estimated price of approximately £201,815.
| 3 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £150,000 | £51,815 | £201,815 |
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 | 6.645 % | £9,967 | £159,967 |
| 3 Month Average | 71.782 % | £107,673 | £257,673 |
| 6 Month Average | 69.453 % | £104,179 | £254,179 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £234,032 | £232,000 | 155 ELM ROAD |
| 23 Jun 2023 | £168,374 | £165,000 | 14 WHITEBANK ROAD |
| 8 Mar 2023 | £173,904 | £171,000 | 65 STAG PASTURE ROAD |
| 27 Jan 2023 | £205,549 | £205,000 | 54 ROWAN TREE ROAD |
| 11 Oct 2022 | £249,168 | £250,000 | 56 WHITEBANK ROAD |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 25 Feb 2015. Using an estimated price of £201,815 means this house is valued at £1,903 per sq meter (£176 per sq foot).
The average size of a house on ELM ROAD is 92 sq meters (999 sq feet).