£130,500
This estimated value is based upon the latest sale price for the house of £72,000 on 18 Nov 2005. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £72,000 | 18 Nov 2005 |
| £55,000 | 19 Jan 2005 |
| £30,000 | 24 Mar 2000 |
| Terraced |
| Leasehold |
| Floor Area: 103 sq meters or 1,108 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 November 2005 the House Price Index for GREATER MANCHESTER was 82.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 81.250%.Applying this 81.250% change to the original purchase price of £72,000 results in an estimated price of approximately £130,500.
| 18 Nov 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.0 | 148.6 | 81.250 % | £72,000 | £58,500 | £130,500 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | 59.108 % | £42,557 | £114,557 |
| 3 Month Average | 73.896 % | £53,205 | £125,205 |
| 6 Month Average | 75.000 % | £53,999 | £125,999 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £71,627 | £71,000 | 9 BOSTON STREET |
| 27 Apr 2022 | £92,682 | £90,000 | 40 WALLACE STREET |
| 7 Dec 2021 | £85,710 | £80,000 | 33 WALLACE STREET |
| 3 Dec 2021 | £123,208 | £115,000 | 25 CRETE STREET |
| 4 Jun 2020 | £82,349 | £68,000 | 23 PLYMOUTH STREET |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 5 Aug 2014. Using an estimated price of £130,500 means this house is valued at £1,266 per sq meter (£117 per sq foot).
The average size of a house on VILLA ROAD is 102 sq meters (1,097 sq feet).