£156,534
This estimated value is based upon the latest sale price for the house of £104,000 on 22 Sep 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £104,000 | 22 Sep 2014 |
| £46,000 | 2 Dec 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 123 sq meters or 1,323 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 September 2014 the House Price Index for GREATER MANCHESTER was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £104,000 results in an estimated price of approximately £156,534.
| 22 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £104,000 | £52,534 | £156,534 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 105.064 % | £109,266 | £213,266 |
| 3 Month Average | 44.650 % | £46,435 | £150,435 |
| 6 Month Average | 31.732 % | £33,000 | £137,000 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £196,721 | £195,000 | 3 FURTHER PITS |
| 28 Apr 2023 | £143,040 | £141,500 | 86 SANDY LANE |
| 28 Mar 2023 | £73,694 | £73,000 | 22 MARNE CRESCENT |
| 13 Feb 2023 | £176,881 | £177,000 | 20 OAKFIELD TERRACE |
| 12 Aug 2022 | £156,579 | £157,000 | 1 FALKLAND AVENUE |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 28 Jul 2014. Using an estimated price of £156,534 means this house is valued at £1,272 per sq meter (£118 per sq foot).
The average size of a house on MARNE CRESCENT is 105 sq meters (1,137 sq feet).
This house is the largest in the street with a floor area of 123 sq meters (1,323 sq feet).