£61,967
This estimated value is based upon the latest sale price for the house of £23,500 on 28 Oct 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£23,500 | 28 Oct 2002 |
Terraced |
Freehold |
Floor Area: 79 sq meters or 850 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 2002 the House Price Index for GREATER MANCHESTER was 56.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 163.693%.Applying this 163.693% change to the original purchase price of £23,500 results in an estimated price of approximately £61,967.
28 Oct 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
56.4 | 148.6 | 163.693 % | £23,500 | £38,467 | £61,967 |
The Postcode Pricing Model uses changes in average sales price within the WN7 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 | 290.706 % | £68,315 | £91,815 |
3 Month Average | 171.695 % | £40,348 | £63,848 |
6 Month Average | 194.653 % | £45,743 | £69,243 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £101,503 | £100,000 | 436 WIGAN ROAD |
28 Sep 2023 | £153,968 | £151,999 | 3 ASHBY GROVE |
4 Aug 2023 | £168,474 | £167,000 | 9 HARBROOK GROVE |
21 Jul 2023 | £78,557 | £77,500 | 450 WIGAN ROAD |
14 Jun 2023 | £125,014 | £123,500 | 80 GLOVER STREET |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 17 Jul 2019. Using an estimated price of £61,968 means this house is valued at £784 per sq meter (£72 per sq foot).
The average size of a house on WIGAN ROAD is 84 sq meters (907 sq feet).