£61,358
This estimated value is based upon the latest sale price for the house of £55,000 on 18 Aug 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £55,000 | 18 Aug 2021 |
| £50,000 | 7 Apr 2005 |
| £23,000 | 12 Jul 2002 |
| Terraced |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 August 2021 the House Price Index for GREATER MANCHESTER was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £55,000 results in an estimated price of approximately £61,358.
| 18 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £55,000 | £6,358 | £61,358 |
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 | -14.580 % | £-8,018 | £46,981 |
| 3 Month Average | 4.954 % | £2,724 | £57,724 |
| 6 Month Average | 9.406 % | £5,173 | £60,173 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £94,711 | £93,500 | 2A RALSTONE AVENUE |
| 28 Jul 2023 | £133,801 | £132,000 | 39 RALSTONE AVENUE |
| 25 Jul 2023 | £70,955 | £70,000 | 30 AVON STREET |
| 24 Mar 2023 | £100,951 | £100,000 | 73 VILLA ROAD |
| 2 Mar 2023 | £429 | £425 | 40 AVON STREET |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 23 May 2016. Using an estimated price of £61,359 means this house is valued at £864 per sq meter (£80 per sq foot).
The average size of a house on RALSTONE AVENUE is 77 sq meters (833 sq feet).