£396,733
This estimated value is based upon the latest sale price for the house of £265,000 on 24 Oct 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £265,000 | 24 Oct 2014 |
| Semi-Detached |
| Leasehold |
| 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 October 2014 the House Price Index for GREATER MANCHESTER was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £265,000 results in an estimated price of approximately £396,733.
| 24 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £265,000 | £131,733 | £396,733 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | 22.610 % | £59,917 | £324,917 |
| 3 Month Average | 29.106 % | £77,131 | £342,131 |
| 6 Month Average | 30.217 % | £80,074 | £345,074 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £329,884 | £325,000 | 44 OLD KILN LANE |
| 18 Sep 2023 | £455,828 | £450,000 | 8A VERDURE AVENUE |
| 21 Jul 2023 | £319,297 | £315,000 | 21 VERDURE AVENUE |
| 20 Feb 2023 | £571,615 | £572,000 | 7 TOWNCROFT LANE |
| 16 Sep 2022 | £248,989 | £251,000 | 31 VERDURE AVENUE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 11 Apr 2014. Using an estimated price of £396,733 means this house is valued at £3,278 per sq meter (£304 per sq foot).
The average size of a house on OLD KILN LANE is 183 sq meters (1,975 sq feet).