£96,526
This estimated value is based upon the latest sale price for the house of £76,000 on 8 Aug 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £76,000 | 8 Aug 2017 |
| £33,000 | 7 Jun 2001 |
| Terraced |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 2017 the House Price Index for GREATER MANCHESTER was 117.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.009%.Applying this 27.009% change to the original purchase price of £76,000 results in an estimated price of approximately £96,526.
| 8 Aug 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 148.6 | 27.009 % | £76,000 | £20,526 | £96,526 |
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 | 5.377 % | £4,086 | £80,086 |
| 3 Month Average | 33.531 % | £25,483 | £101,483 |
| 6 Month Average | 40.694 % | £30,927 | £106,927 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £166,456 | £165,000 | 1 SCHOOL ROAD |
| 19 Jun 2023 | £83,005 | £82,000 | FLAT 7 BYRON HOUSE BYRON STREET |
| 24 Apr 2023 | £150,383 | £148,764 | 15 SCHOOL ROAD |
| 25 Feb 2022 | £126,892 | £121,000 | 8 LONSDALE ROAD |
| 16 Nov 2021 | £118,967 | £110,000 | 6 WHITLAND DRIVE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 8 Mar 2016. Using an estimated price of £96,527 means this house is valued at £1,636 per sq meter (£151 per sq foot).
The average size of a house on FARRAND ROAD is 75 sq meters (812 sq feet).