£44,769
This estimated value is based upon the latest sale price for the house of £36,239 on 19 Mar 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £36,239 | 19 Mar 2019 |
| £55,000 | 23 May 2011 |
| £41,600 | 15 May 2006 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 875 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 March 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.539%.Applying this 23.539% change to the original purchase price of £36,239 results in an estimated price of approximately £44,769.
| 19 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.539 % | £36,239 | £8,530 | £44,769 |
The Postcode Pricing Model uses changes in average sales price within the OL4 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 | 88.941 % | £32,231 | £68,470 |
| 3 Month Average | 70.262 % | £25,462 | £61,701 |
| 6 Month Average | 28.163 % | £10,205 | £46,444 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £133,466 | £131,131 | 11 MAGPIE LANE |
| 24 Nov 2023 | £187,780 | £185,000 | 19 WOOD CRESCENT |
| 8 Sep 2023 | £143,839 | £142,000 | 29 FAIRWAY ROAD |
| 23 Aug 2023 | £110,971 | £110,000 | 29 CARNATION ROAD |
| 14 Mar 2023 | £158,493 | £157,000 | 61 WILDMOOR AVENUE |
This house has a floor area of 81 sq meters or 875 sq feet when measured on 8 Feb 2011. Using an estimated price of £44,769 means this house is valued at £550 per sq meter (£51 per sq foot).
The average size of a house on CARNATION ROAD is 110 sq meters (1,184 sq feet).
This house is the smallest in the street with a floor area of 81 sq meters (875 sq feet).