£279,856
This estimated value is based upon the latest sale price for the house of £205,000 on 19 Feb 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £205,000 | 19 Feb 2016 |
| £222,450 | 2 Mar 2007 |
| Detached |
| Leasehold |
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 February 2016 the House Price Index for GREATER MANCHESTER was 108.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 36.515%.Applying this 36.515% change to the original purchase price of £205,000 results in an estimated price of approximately £279,856.
| 19 Feb 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 148.6 | 36.515 % | £205,000 | £74,856 | £279,856 |
The Postcode Pricing Model uses changes in average sales price within the OL5 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 | -72.407 % | £-148,434 | £56,565 |
| 3 Month Average | -14.897 % | £-30,537 | £174,462 |
| 6 Month Average | 28.152 % | £57,711 | £262,711 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2023 | £244,806 | £242,500 | 8 HOB MILL RISE |
| 5 Aug 2022 | £459,762 | £461,000 | 48 WATERS REACH |
| 30 Jun 2022 | £189,173 | £186,500 | 204 MANCHESTER ROAD |
| 29 Apr 2022 | £127,532 | £123,842 | 24 WATERS REACH |
| 14 Apr 2022 | £226,556 | £220,000 | 16 HOB MILL RISE |