£136,435
This estimated value is based upon the latest sale price for the house of £79,000 on 20 May 2011. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£79,000 | 20 May 2011 |
£65,000 | 23 Aug 2005 |
£35,000 | 4 Jul 2003 |
Semi-Detached |
Freehold |
Floor Area: 78 sq meters or 839 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 May 2011 the House Price Index for GREATER MANCHESTER was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.704%.Applying this 72.704% change to the original purchase price of £79,000 results in an estimated price of approximately £136,435.
20 May 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.0 | 148.6 | 72.704 % | £79,000 | £57,435 | £136,435 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 21.092 % | £16,662 | £95,662 |
3 Month Average | 65.463 % | £51,716 | £130,716 |
6 Month Average | 71.130 % | £56,192 | £135,192 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £117,743 | £116,000 | 475 WIGAN ROAD |
9 Nov 2023 | £101,503 | £100,000 | 425 WIGAN ROAD |
9 Nov 2023 | £101,503 | £100,000 | 427 WIGAN ROAD |
9 Aug 2023 | £97,856 | £97,000 | 122 HULTON LANE |
15 Jun 2023 | £177,146 | £175,000 | 445 WIGAN ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 24 Jul 2013. Using an estimated price of £136,436 means this house is valued at £1,749 per sq meter (£162 per sq foot).
The average size of a house on FERNHILL AVENUE is 112 sq meters (1,213 sq feet).
This house is the smallest in the street with a floor area of 78 sq meters (839 sq feet).