£253,364
This estimated value is based upon the latest sale price for the house of £160,000 on 7 Feb 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £160,000 | 7 Feb 2014 |
| Semi-Detached |
| Leasehold |
| Floor Area: 101 sq meters or 1,087 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 February 2014 the House Price Index for GREATER MANCHESTER was 93.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.353%.Applying this 58.353% change to the original purchase price of £160,000 results in an estimated price of approximately £253,364.
| 7 Feb 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 148.6 | 58.353 % | £160,000 | £93,364 | £253,364 |
The Postcode Pricing Model uses changes in average sales price within the OL6 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 | -6.914 % | £-11,061 | £148,938 |
| 3 Month Average | 49.904 % | £79,847 | £239,847 |
| 6 Month Average | 57.069 % | £91,310 | £251,310 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £278,372 | £275,000 | 116 OLD ROAD |
| 1 Jun 2023 | £151,839 | £150,000 | 64 KINDER AVENUE |
| 9 Jan 2023 | £204,039 | £205,000 | 82 OLD ROAD |
| 29 Jul 2022 | £486,309 | £485,000 | THE OLD SCHOOL HOUSE GORSEY LANE |
| 20 Dec 2021 | £267,844 | £250,000 | 145 OLD ROAD |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 19 Mar 2014. Using an estimated price of £253,364 means this house is valued at £2,508 per sq meter (£233 per sq foot).
The average size of a house on OLD ROAD is 83 sq meters (899 sq feet).