£236,935
This estimated value is based upon the latest sale price for the house of £42,500 on 3 Jul 1996. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £42,500 | 3 Jul 1996 |
| Terraced |
| Freehold |
| Floor Area: 60 sq meters or 645 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 July 1996 the House Price Index for GREATER MANCHESTER was 26.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 457.495%.Applying this 457.495% change to the original purchase price of £42,500 results in an estimated price of approximately £236,935.
| 3 Jul 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.7 | 148.6 | 457.495 % | £42,500 | £194,435 | £236,935 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | 320.593 % | £136,252 | £178,752 |
| 3 Month Average | 314.720 % | £133,755 | £176,255 |
| 6 Month Average | 336.643 % | £143,073 | £185,573 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £282,304 | £279,834 | 206 ALT LANE |
| 11 Aug 2023 | £122,976 | £121,900 | 37 LAWN CLOSES |
| 7 Jul 2023 | £223,001 | £220,000 | 8 ALT FOLD DRIVE |
| 9 Jan 2023 | £230,415 | £231,500 | 201 ALT LANE |
| 29 Mar 2022 | £103,626 | £100,000 | 5 THORN ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 6 Jan 2017. Using an estimated price of £236,935 means this house is valued at £3,948 per sq meter (£366 per sq foot).
The average size of a house on TEN HOUSES is 69 sq meters (746 sq feet).