£96,536
This estimated value is based upon the latest sale price for the house of £59,000 on 25 Oct 2013. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £59,000 | 25 Oct 2013 |
| £17,000 | 26 Mar 1999 |
| Terraced |
| Freehold |
| Floor Area: 57 sq meters or 613 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 2013 the House Price Index for GREATER MANCHESTER was 90.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 63.621%.Applying this 63.621% change to the original purchase price of £59,000 results in an estimated price of approximately £96,536.
| 25 Oct 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 148.6 | 63.621 % | £59,000 | £37,536 | £96,536 |
The Postcode Pricing Model uses changes in average sales price within the OL6 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 | 16.574 % | £9,778 | £68,778 |
| 3 Month Average | 78.141 % | £46,103 | £105,103 |
| 6 Month Average | 71.176 % | £41,994 | £100,994 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £131,147 | £130,000 | 31 CRAVENWOOD |
| 10 Jul 2023 | £202,729 | £200,000 | 20 CRAVENWOOD |
| 23 Jun 2023 | £217,636 | £215,000 | 23 CRAVENWOOD |
| 16 Jun 2023 | £192,330 | £190,000 | 5 HURSTWOOD |
| 3 Feb 2023 | £539,637 | £540,000 | ELM GABLES GORSEY LANE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 2 Dec 2013. Using an estimated price of £96,536 means this house is valued at £1,693 per sq meter (£157 per sq foot).
There is one other house on the street which we know the size of, this is 5 BUXTON AVENUE it is 78.0