£120,767
This estimated value is based upon the latest sale price for the house of £88,000 on 22 Jan 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £88,000 | 22 Jan 2016 |
| Terraced |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 January 2016 the House Price Index for GREATER MANCHESTER was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £88,000 results in an estimated price of approximately £120,767.
| 22 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £88,000 | £32,767 | £120,767 |
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 | 42.016 % | £36,973 | £124,973 |
| 3 Month Average | 58.363 % | £51,359 | £139,359 |
| 6 Month Average | 58.015 % | £51,052 | £139,052 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £166,412 | £163,500 | 71 INCLINE ROAD |
| 18 Aug 2023 | £166,456 | £165,000 | 1 SCHOOL ROAD |
| 24 Apr 2023 | £150,383 | £148,764 | 15 SCHOOL ROAD |
| 24 Aug 2022 | £150,096 | £150,500 | 19 MARGARET STREET |
| 25 Feb 2022 | £126,892 | £121,000 | 8 LONSDALE ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 1 Jun 2015. Using an estimated price of £120,767 means this house is valued at £1,829 per sq meter (£169 per sq foot).
The average size of a house on SCHOOL ROAD is 81 sq meters (879 sq feet).