£280,984
This estimated value is based upon the latest sale price for the house of £165,000 on 26 Sep 2012. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £165,000 | 26 Sep 2012 |
| Semi-Detached |
| Leasehold |
| Floor Area: 116 sq meters or 1,248 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 September 2012 the House Price Index for GREATER MANCHESTER was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.294%.Applying this 70.294% change to the original purchase price of £165,000 results in an estimated price of approximately £280,984.
| 26 Sep 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.294 % | £165,000 | £115,984 | £280,984 |
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 | 21.614 % | £35,662 | £200,662 |
| 3 Month Average | 43.739 % | £72,169 | £237,169 |
| 6 Month Average | 50.423 % | £83,198 | £248,198 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £355 | £350 | 8 PORT STREET |
| 7 Jun 2023 | £89,190 | £88,110 | 16 ALVINGHAM AVENUE |
| 2 Jun 2023 | £80,981 | £80,000 | 100 SCHOFIELD STREET |
| 24 Apr 2023 | £253,732 | £251,000 | 47 NEILD STREET |
| 15 Mar 2023 | £132,044 | £130,800 | 48 NEILD STREET |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 24 Sep 2012. Using an estimated price of £280,984 means this house is valued at £2,422 per sq meter (£225 per sq foot).
The average size of a house on LACEBY AVENUE is 125 sq meters (1,355 sq feet).