£325,698
This estimated value is based upon the latest sale price for the house of £320,000 on 14 Dec 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£320,000 | 14 Dec 2023 |
£77,000 | 6 Mar 2002 |
Detached |
Leasehold |
Floor Area: 105 sq meters or 1,134 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 December 2023 the House Price Index for GREATER MANCHESTER was 146.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.781%.Applying this 1.781% change to the original purchase price of £320,000 results in an estimated price of approximately £325,698.
14 Dec 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.0 | 148.6 | 1.781 % | £320,000 | £5,698 | £325,698 |
The Postcode Pricing Model uses changes in average sales price within the OL4 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 | 32.858 % | £105,144 | £425,144 |
3 Month Average | 15.442 % | £49,413 | £369,413 |
6 Month Average | -12.602 % | £-40,326 | £279,673 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Dec 2023 | £325,699 | £320,000 | 8 LOCKING GATE RISE |
8 Sep 2023 | £182,331 | £180,000 | 25 ARMDALE RISE |
26 Aug 2022 | £4,887 | £4,900 | 41 HOWARD STREET |
14 Apr 2022 | £177,125 | £172,000 | 29 HIGH MOOR CRESCENT |
31 Mar 2022 | £388,598 | £375,000 | 5 PAULDEN FARM LOCKING GATE RISE |
This house has a floor area of 105 sq meters or 1,134 sq feet when measured on 23 Jun 2010. Using an estimated price of £325,699 means this house is valued at £3,088 per sq meter (£286 per sq foot).
The average size of a house on LOCKING GATE RISE is 121 sq meters (1,304 sq feet).