£173,229
This estimated value is based upon the latest sale price for the house of £128,995 on 27 May 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £128,995 | 27 May 2016 |
| Semi-Detached |
| Leasehold |
| Floor Area: 78 sq meters or 839 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 May 2016 the House Price Index for GREATER MANCHESTER was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £128,995 results in an estimated price of approximately £173,229.
| 27 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £128,995 | £44,234 | £173,229 |
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 | 35.904 % | £46,314 | £175,309 |
| 3 Month Average | 65.473 % | £84,457 | £213,452 |
| 6 Month Average | 61.024 % | £78,717 | £207,712 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £101,295 | £100,000 | 60 REINS LEE AVENUE |
| 31 Aug 2023 | £2,522,064 | £2,500,000 | TREELANDS WESTERHILL ROAD |
| 6 Jun 2023 | £80,981 | £80,000 | 8 REINS LEE AVENUE |
| 31 Mar 2023 | £162,531 | £161,000 | 30 WESTERHILL ROAD |
| 27 Mar 2023 | £156,979 | £155,500 | 24 MARLAND AVENUE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 14 Jun 2016. Using an estimated price of £173,229 means this house is valued at £2,220 per sq meter (£206 per sq foot).
The average size of a house on GREENHURST CRESCENT is 83 sq meters (898 sq feet).