£104,742
This estimated value is based upon the latest sale price for the house of £85,000 on 16 Nov 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £85,000 | 16 Nov 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 November 2018 the House Price Index for GREATER MANCHESTER was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £85,000 results in an estimated price of approximately £104,742.
| 16 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £85,000 | £19,742 | £104,742 |
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 | -0.763 % | £-648 | £84,351 |
| 3 Month Average | 22.766 % | £19,350 | £104,350 |
| 6 Month Average | 29.826 % | £25,351 | £110,351 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £136,748 | £135,000 | 12 HOUGH CLOSE |
| 1 Mar 2023 | £111,046 | £110,000 | 59 FIR TREE AVENUE |
| 8 Jul 2022 | £165,445 | £165,000 | 16 HAWTHORN CRESCENT |
| 30 Jun 2022 | £86,218 | £85,000 | 71 FIR TREE AVENUE |
| 15 Feb 2022 | £134,233 | £128,000 | 16 BEECHWOOD ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 27 Nov 2017. Using an estimated price of £104,743 means this house is valued at £1,163 per sq meter (£108 per sq foot).
The average size of a house on BEECHWOOD ROAD is 96 sq meters (1,036 sq feet).
This house is the largest in the street with a floor area of 90 sq meters (968 sq feet).