£29,404
This estimated value is based upon the latest sale price for the house of £12,000 on 5 Feb 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £12,000 | 5 Feb 2003 |
| Terraced |
| Leasehold |
| Floor Area: 95 sq meters or 1,022 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 February 2003 the House Price Index for GREATER MANCHESTER was 60.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 145.035%.Applying this 145.035% change to the original purchase price of £12,000 results in an estimated price of approximately £29,404.
| 5 Feb 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.6 | 148.6 | 145.035 % | £12,000 | £17,404 | £29,404 |
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 | 166.007 % | £19,920 | £31,920 |
| 3 Month Average | 198.209 % | £23,785 | £35,785 |
| 6 Month Average | 214.749 % | £25,769 | £37,769 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £213,733 | £211,000 | 3 SCHOOL STREET |
| 31 Jul 2023 | £81,091 | £80,000 | 48 ST THOMAS STREET NORTH |
| 28 Apr 2023 | £80,871 | £80,000 | 48 WELLINGTON ROAD |
| 6 Sep 2022 | £143,838 | £145,000 | 21 OSBORNE ROAD |
| 14 Jul 2022 | £213,074 | £212,500 | 175 COPPICE STREET |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 27 Apr 2015. Using an estimated price of £29,404 means this house is valued at £309 per sq meter (£28 per sq foot).
The average size of a house on FERN STREET is 114 sq meters (1,230 sq feet).