£160,648
This estimated value is based upon the latest sale price for the house of £131,000 on 23 Oct 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £131,000 | 23 Oct 2019 |
| £32,500 | 24 Jul 1998 |
| Terraced |
| Leasehold |
| Floor Area: 91 sq meters or 979 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 October 2019 the House Price Index for GREATER MANCHESTER was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £131,000 results in an estimated price of approximately £160,648.
| 23 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £131,000 | £29,648 | £160,648 |
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 | 18.979 % | £24,862 | £155,862 |
| 3 Month Average | 19.545 % | £25,603 | £156,603 |
| 6 Month Average | 22.853 % | £29,937 | £160,937 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2022 | £99,199 | £100,000 | 300 COPSTER HILL ROAD |
| 30 May 2022 | £122,305 | £120,000 | 266 COPSTER HILL ROAD |
| 24 Nov 2021 | £148,708 | £137,500 | 272 COPSTER HILL ROAD |
| 22 Oct 2021 | £115,074 | £104,000 | 294 COPSTER HILL ROAD |
| 23 Jul 2021 | £171,241 | £149,000 | 57 CHEVIOT AVENUE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 9 May 2019. Using an estimated price of £160,648 means this house is valued at £1,765 per sq meter (£164 per sq foot).
The average size of a house on CHEVIOT AVENUE is 96 sq meters (1,038 sq feet).