£59,240
This estimated value is based upon the latest sale price for the house of £43,091 on 26 Nov 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £43,091 | 26 Nov 2015 |
| £70,000 | 13 Mar 2013 |
| Terraced |
| Leasehold |
| Floor Area: 80 sq meters or 861 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 2015 the House Price Index for GREATER MANCHESTER was 106.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 37.478%.Applying this 37.478% change to the original purchase price of £43,091 results in an estimated price of approximately £59,240.
| 26 Nov 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 146.7 | 37.478 % | £43,091 | £16,149 | £59,240 |
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 | 48.021 % | £20,692 | £63,783 |
| 3 Month Average | 75.684 % | £32,612 | £75,703 |
| 6 Month Average | 62.837 % | £27,077 | £70,168 |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 2 Apr 2012.
The average size of a house on FERN STREET is 114 sq meters (1,230 sq feet).