£75,952
This estimated value is based upon the latest sale price for the house of £40,000 on 20 Oct 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £40,000 | 20 Oct 2004 |
| £29,000 | 24 Apr 2002 |
| £22,000 | 24 May 1999 |
| £15,250 | 21 Jul 1995 |
| Terraced |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 October 2004 the House Price Index for GREATER MANCHESTER was 78.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 89.881%.Applying this 89.881% change to the original purchase price of £40,000 results in an estimated price of approximately £75,952.
| 20 Oct 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 148.6 | 89.881 % | £40,000 | £35,952 | £75,952 |
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 | 87.052 % | £34,820 | £74,820 |
| 3 Month Average | 113.630 % | £45,451 | £85,451 |
| 6 Month Average | 117.714 % | £47,085 | £87,085 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £94,711 | £93,500 | 2A RALSTONE AVENUE |
| 25 Jul 2023 | £70,955 | £70,000 | 30 AVON STREET |
| 24 Mar 2023 | £100,951 | £100,000 | 73 VILLA ROAD |
| 2 Mar 2023 | £429 | £425 | 40 AVON STREET |
| 3 Dec 2021 | £123,208 | £115,000 | 25 CRETE STREET |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 17 Dec 2015. Using an estimated price of £75,952 means this house is valued at £1,040 per sq meter (£96 per sq foot).
The average size of a house on VILLA ROAD is 102 sq meters (1,097 sq feet).