£362,839
This estimated value is based upon the latest sale price for the house of £87,500 on 22 Oct 1999. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £87,500 | 22 Oct 1999 |
| £45,000 | 25 Jun 1996 |
| Terraced |
| Leasehold |
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 October 1999 the House Price Index for GREATER MANCHESTER was 35.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 314.674%.Applying this 314.674% change to the original purchase price of £87,500 results in an estimated price of approximately £362,839.
| 22 Oct 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 35.8 | 148.6 | 314.674 % | £87,500 | £275,339 | £362,839 |
The Postcode Pricing Model uses changes in average sales price within the OL3 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 | 53.596 % | £46,896 | £134,396 |
| 3 Month Average | 184.747 % | £161,653 | £249,153 |
| 6 Month Average | 220.025 % | £192,521 | £280,021 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £101,503 | £100,000 | 5 SPRING BANK |
| 10 Aug 2023 | £479,192 | £475,000 | 2 THE COTTAGES |
| 6 Jun 2023 | £597,234 | £590,000 | 9 BAGNALL CLOSE |
| 14 Apr 2023 | £439,735 | £435,000 | 1 THE COTTAGES |
| 14 Nov 2022 | £111,648 | £113,000 | 7 PICKHILL MEWS |