£39,973
This estimated value is based upon the latest sale price for the house of £40,000 on 2 Feb 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £40,000 | 2 Feb 2023 |
| £33,500 | 9 Jan 1998 |
| Terraced |
| Leasehold |
| Floor Area: 109 sq meters or 1,173 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 February 2023 the House Price Index for GREATER MANCHESTER was 148.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £40,000 results in an estimated price of approximately £39,973.
| 2 Feb 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 148.6 | -0.067 % | £40,000 | £-26 | £39,973 |
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 | -26.622 % | £-10,648 | £29,351 |
| 3 Month Average | 5.429 % | £2,171 | £42,171 |
| 6 Month Average | -5.049 % | £-2,019 | £37,980 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Feb 2023 | £39,973 | £40,000 | 198 COPPICE STREET |
| 28 Feb 2022 | £188,765 | £180,000 | 165 CHAMBER ROAD |
| 25 Feb 2022 | £227,567 | £217,000 | 185 WINDSOR ROAD |
| 18 Oct 2019 | £147,159 | £120,000 | 196 COPPICE STREET |
| 2 Aug 2019 | £126,748 | £103,000 | 29 GAINSBOROUGH AVENUE |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 3 Jul 2014. Using an estimated price of £39,973 means this house is valued at £366 per sq meter (£34 per sq foot).
The average size of a house on COPPICE STREET is 119 sq meters (1,281 sq feet).