£65,336
This estimated value is based upon the latest sale price for the house of £50,000 on 9 Jan 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £50,000 | 9 Jan 2017 |
| Terraced |
| Freehold |
| 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 January 2017 the House Price Index for GREATER MANCHESTER was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £50,000 results in an estimated price of approximately £65,336.
| 9 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 148.6 | 30.673 % | £50,000 | £15,336 | £65,336 |
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 | 38.728 % | £19,364 | £69,364 |
| 3 Month Average | 37.186 % | £18,593 | £68,593 |
| 6 Month Average | 44.494 % | £22,247 | £72,247 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £81,425 | £80,000 | 574 ASHTON ROAD |
| 26 Sep 2023 | £95,217 | £94,000 | 635 ASHTON ROAD |
| 22 Sep 2023 | £121,554 | £120,000 | 5 DUCIE STREET |
| 14 Sep 2023 | £123,580 | £122,000 | 1 DUCIE STREET |
| 16 Aug 2023 | £132,156 | £131,000 | 3 DUCIE STREET |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 18 Jun 2013. Using an estimated price of £65,336 means this house is valued at £1,107 per sq meter (£102 per sq foot).
The average size of a house on PARK LANE is 76 sq meters (823 sq feet).