£126,613
This estimated value is based upon the latest sale price for the house of £125,250 on 14 Apr 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£125,250 | 14 Apr 2023 |
£84,000 | 26 Sep 2008 |
£74,950 | 13 Jul 2004 |
Semi-Detached |
Leasehold |
Floor Area: 59 sq meters or 643 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 April 2023 the House Price Index for GREATER MANCHESTER was 147.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.088%.Applying this 1.088% change to the original purchase price of £125,250 results in an estimated price of approximately £126,613.
14 Apr 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.0 | 148.6 | 1.088 % | £125,250 | £1,363 | £126,613 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 63.527 % | £79,567 | £204,817 |
3 Month Average | -10.526 % | £-13,183 | £112,066 |
6 Month Average | -3.419 % | £-4,282 | £120,967 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £83,062 | £82,000 | 136 CROXTON AVENUE |
14 Apr 2023 | £126,613 | £125,250 | 23 HIGHER WHEAT LANE |
22 Mar 2023 | £136,284 | £135,000 | 14 UPPER HAYES CLOSE |
4 Nov 2022 | £146,229 | £148,000 | 3 WOODLANDS VIEW |
24 Oct 2022 | £207,763 | £210,000 | 1 WOODLANDS VIEW |
This house has a floor area of 59 sq meters or 643 sq feet when measured on 15 Nov 2008. Using an estimated price of £126,613 means this house is valued at £2,119 per sq meter (£196 per sq foot).
The average size of a house on HIGHER WHEAT LANE is 67 sq meters (731 sq feet).