£76,592
This estimated value is based upon the latest sale price for the house of £55,000 on 4 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 |
|---|---|
| £55,000 | 4 Nov 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £55,000 results in an estimated price of approximately £76,592.
| 4 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £55,000 | £21,592 | £76,592 |
The Postcode Pricing Model uses changes in average sales price within the OL7 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 | 65.164 % | £35,840 | £90,840 |
| 3 Month Average | 67.852 % | £37,318 | £92,318 |
| 6 Month Average | 49.578 % | £27,267 | £82,267 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £160,046 | £158,000 | 28 REINS LEE ROAD |
| 10 Jul 2023 | £141,910 | £140,000 | 45 WILSHAW LANE |
| 31 Aug 2022 | £263,291 | £264,000 | 104 DOWNSHAW ROAD |
| 15 Aug 2022 | £137,630 | £138,000 | 21 REINS LEE ROAD |
| 13 Apr 2022 | £386,175 | £375,000 | WILSHAWDALE BARN WILSHAW LANE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 13 Jan 2017. Using an estimated price of £76,592 means this house is valued at £1,320 per sq meter (£122 per sq foot).