£62,658
This estimated value is based upon the latest sale price for the house of £50,000 on 27 Mar 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£50,000 | 27 Mar 2018 |
Flats/Maisonettes |
Leasehold |
Floor Area: 63 sq meters or 678 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 March 2018 the House Price Index for GREATER MANCHESTER was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £50,000 results in an estimated price of approximately £62,658.
27 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.6 | 148.6 | 25.317 % | £50,000 | £12,658 | £62,658 |
The Postcode Pricing Model uses changes in average sales price within the OL6 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 | 11.391 % | £5,695 | £55,695 |
3 Month Average | 36.213 % | £18,106 | £68,106 |
6 Month Average | 33.218 % | £16,609 | £66,609 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Jun 2023 | £192,330 | £190,000 | 5 HURSTWOOD |
3 Feb 2023 | £539,637 | £540,000 | ELM GABLES GORSEY LANE |
27 Jan 2023 | £165,222 | £166,000 | 2 ASHBOURNE DRIVE |
10 Nov 2022 | £126,468 | £128,000 | 22 BAKEWELL AVENUE |
27 Oct 2022 | £192,923 | £195,000 | 20 HURSTWOOD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 18 Oct 2017. Using an estimated price of £62,658 means this house is valued at £994 per sq meter (£92 per sq foot).
The average size of a house on HAZELHURST ROAD is 71 sq meters (767 sq feet).