£113,911
This estimated value is based upon the latest sale price for the house of £95,000 on 28 Aug 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £95,000 | 28 Aug 2020 |
| £75,000 | 25 Nov 2005 |
| £30,500 | 9 Apr 1998 |
| Terraced |
| Leasehold |
| Floor Area: 83 sq meters or 893 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 August 2020 the House Price Index for GREATER MANCHESTER was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £95,000 results in an estimated price of approximately £113,911.
| 28 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £95,000 | £18,911 | £113,911 |
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 | -9.330 % | £-8,863 | £86,136 |
| 3 Month Average | 30.102 % | £28,597 | £123,597 |
| 6 Month Average | 35.164 % | £33,405 | £128,405 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2023 | £202,729 | £200,000 | 99 BURLINGTON AVENUE |
| 19 Apr 2023 | £181,959 | £180,000 | 82 LANGHAM ROAD |
| 17 Feb 2023 | £184,876 | £185,000 | 124 GAINSBOROUGH AVENUE |
| 25 Nov 2022 | £153,145 | £155,000 | 127 GAINSBOROUGH AVENUE |
| 23 Nov 2022 | £936 | £947 | 24 NEW ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 5 Feb 2018. Using an estimated price of £113,911 means this house is valued at £1,372 per sq meter (£127 per sq foot).
The average size of a house on LANGHAM ROAD is 100 sq meters (1,081 sq feet).