£195,320
This estimated value is based upon the latest sale price for the house of £113,000 on 8 Aug 2011. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £113,000 | 8 Aug 2011 |
| Terraced |
| Leasehold |
| Floor Area: 88 sq meters or 947 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 August 2011 the House Price Index for GREATER MANCHESTER was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.850%.Applying this 72.850% change to the original purchase price of £113,000 results in an estimated price of approximately £195,320.
| 8 Aug 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.850 % | £113,000 | £82,320 | £195,320 |
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 | 42.707 % | £48,258 | £161,258 |
| 3 Month Average | 66.516 % | £75,163 | £188,163 |
| 6 Month Average | 66.068 % | £74,657 | £187,657 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £111,653 | £110,000 | 83 HERON STREET |
| 29 Sep 2023 | £167,137 | £165,000 | 31 PENRITH AVENUE |
| 31 Mar 2023 | £171,617 | £170,000 | 53 LACROSSE AVENUE |
| 21 Oct 2022 | £153,349 | £155,000 | 158 HERON STREET |
| 26 Aug 2022 | £164,557 | £165,000 | 8 PENRITH AVENUE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 25 Jul 2013. Using an estimated price of £195,321 means this house is valued at £2,219 per sq meter (£206 per sq foot).
The average size of a house on WELLINGTON ROAD is 131 sq meters (1,420 sq feet).