£194,182
This estimated value is based upon the latest sale price for the house of £105,000 on 12 May 2005. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £105,000 | 12 May 2005 |
| £50,000 | 14 Oct 2002 |
| Semi-Detached |
| Leasehold |
| Floor Area: 100 sq meters or 1,076 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 May 2005 the House Price Index for GREATER MANCHESTER was 80.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.936%.Applying this 84.936% change to the original purchase price of £105,000 results in an estimated price of approximately £194,182.
| 12 May 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 148.6 | 84.936 % | £105,000 | £89,182 | £194,182 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 95.213 % | £99,973 | £204,973 |
| 3 Month Average | 100.077 % | £105,081 | £210,081 |
| 6 Month Average | 73.951 % | £77,648 | £182,648 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £92,330 | £90,715 | 40 HOOTON STREET |
| 21 Nov 2023 | £101,503 | £100,000 | 30 WOODBINE ROAD |
| 2 Jun 2023 | £114,386 | £113,000 | 84 MORRIS GREEN LANE |
| 21 Apr 2023 | £171,850 | £170,000 | 23 WOODBINE ROAD |
| 28 Mar 2023 | £151,427 | £150,000 | 14 NIXON ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 3 Dec 2021. Using an estimated price of £194,183 means this house is valued at £1,941 per sq meter (£180 per sq foot).
The average size of a house on WOODBINE ROAD is 84 sq meters (908 sq feet).