£80,968
This estimated value is based upon the latest sale price for the house of £59,000 on 29 Jan 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £59,000 | 29 Jan 2016 |
| £63,995 | 21 Apr 2006 |
| £59,600 | 24 Mar 2006 |
| £42,950 | 3 Jul 2003 |
| £25,950 | 25 Feb 2003 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 877 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 January 2016 the House Price Index for GREATER MANCHESTER was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £59,000 results in an estimated price of approximately £80,968.
| 29 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £59,000 | £21,968 | £80,968 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 121.446 % | £71,652 | £130,652 |
| 3 Month Average | 19.057 % | £11,243 | £70,243 |
| 6 Month Average | 28.807 % | £16,996 | £75,996 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £139,566 | £137,500 | 79 ABBEY LANE |
| 31 Aug 2023 | £146,280 | £145,000 | 1 WHALLEY GROVE |
| 31 Mar 2023 | £176,664 | £175,000 | 35 WARLOW DRIVE |
| 13 Jan 2023 | £74,648 | £75,000 | 28A ABBEY LANE |
| 23 May 2022 | £136,064 | £133,500 | 308 WESTLEIGH LANE |
This house has a floor area of 81 sq meters or 877 sq feet when measured on 14 Aug 2010. Using an estimated price of £80,969 means this house is valued at £993 per sq meter (£92 per sq foot).
The average size of a house on ABBEY LANE is 84 sq meters (914 sq feet).