£88,995
This estimated value is based upon the latest sale price for the house of £72,000 on 2 Sep 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £72,000 | 2 Sep 2019 |
| £117,000 | 13 Nov 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 September 2019 the House Price Index for GREATER MANCHESTER was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £72,000 results in an estimated price of approximately £88,995.
| 2 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £72,000 | £16,995 | £88,995 |
The Postcode Pricing Model uses changes in average sales price within the BL8 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 | 26.410 % | £19,015 | £91,015 |
| 3 Month Average | 25.968 % | £18,697 | £90,697 |
| 6 Month Average | 34.318 % | £24,709 | £96,709 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Sep 2024 | £42,000 | £42,000 | 2C WELLINGTON VILLAS |
| 5 Apr 2024 | £184,099 | £182,500 | 49 HORBURY DRIVE |
| 8 Dec 2023 | £242,450 | £235,000 | 18 ALDER CLOSE |
| 3 Nov 2023 | £174,428 | £170,000 | 247 BOLTON ROAD |
| 30 Aug 2023 | £203,673 | £200,000 | 253 BOLTON ROAD |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 11 Oct 2019. Using an estimated price of £88,995 means this house is valued at £1,534 per sq meter (£142 per sq foot).
The average size of a house on GLENBORO AVENUE is 71 sq meters (770 sq feet).