£496,686
This estimated value is based upon the latest sale price for the house of £420,000 on 11 Sep 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £420,000 | 11 Sep 2020 |
| £249,999 | 25 Nov 2016 |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 2020 the House Price Index for GREATER MANCHESTER was 125.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 18.259%.Applying this 18.259% change to the original purchase price of £420,000 results in an estimated price of approximately £496,686.
| 11 Sep 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.0 | 18.259 % | £420,000 | £76,686 | £496,686 |
The Postcode Pricing Model uses changes in average sales price within the OL10 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 | 12777.586 % | £53,665,862 | £54,085,862 |
| 3 Month Average | 17.605 % | £73,938 | £493,938 |
| 6 Month Average | 35.431 % | £148,811 | £568,811 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £1,834,711 | £1,800,000 | UNIT J BIRCH BUSINESS PARK |
| 7 Aug 2023 | £209,273 | £208,000 | 128 LATRIGG CRESCENT |
| 23 Mar 2023 | £276,495 | £275,000 | 761 HEYWOOD OLD ROAD |
| 10 Feb 2023 | £196,073 | £197,000 | 280 HEYWOOD OLD ROAD |
| 3 Nov 2022 | £364,096 | £370,000 | STOCK NOOK HOUSE, 1 DOCTOR FOLD LANE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 13 Apr 2015. Using an estimated price of £496,687 means this house is valued at £4,104 per sq meter (£381 per sq foot).
There is one other house on the street which we know the size of, this is WHITTLE BUNGALOW WHITTLE LANE it is 170.0