£270,347
This estimated value is based upon the latest sale price for the house of £117,500 on 27 Aug 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £117,500 | 27 Aug 2003 |
| £58,000 | 1 Aug 1997 |
| Terraced |
| Freehold |
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 2003 the House Price Index for GREATER MANCHESTER was 64.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 130.083%.Applying this 130.083% change to the original purchase price of £117,500 results in an estimated price of approximately £270,347.
| 27 Aug 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 148.6 | 130.083 % | £117,500 | £152,847 | £270,347 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | 66.730 % | £78,407 | £195,907 |
| 3 Month Average | 104.271 % | £122,518 | £240,018 |
| 6 Month Average | 142.496 % | £167,433 | £284,933 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £659,768 | £650,000 | 5 HODGKINSONS FARM BOOT LANE |
| 11 Aug 2023 | £139,167 | £137,950 | 20 JOHNSON FOLD AVENUE |
| 9 Jun 2023 | £106,287 | £105,000 | 12 MARLBOROUGH COURT CHORLEY OLD ROAD |
| 24 Mar 2023 | £131,236 | £130,000 | 24 CRAVEN PLACE |
| 17 Mar 2023 | £146,379 | £145,000 | 1072 CHORLEY OLD ROAD |