£115,795
This estimated value is based upon the latest sale price for the house of £67,000 on 18 Dec 2009. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £67,000 | 18 Dec 2009 |
| £29,400 | 27 Sep 1996 |
| £12,000 | 29 Sep 1995 |
| Terraced |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 2009 the House Price Index for GREATER MANCHESTER was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.830%.Applying this 72.830% change to the original purchase price of £67,000 results in an estimated price of approximately £115,795.
| 18 Dec 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.830 % | £67,000 | £48,795 | £115,795 |
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 | 17.778 % | £11,911 | £78,911 |
| 3 Month Average | 29.088 % | £19,488 | £86,488 |
| 6 Month Average | 39.867 % | £26,710 | £93,710 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £111,653 | £110,000 | 83 HERON STREET |
| 29 Sep 2023 | £167,137 | £165,000 | 31 PENRITH AVENUE |
| 10 Feb 2023 | £219,852 | £220,000 | 8 MULMOUNT CLOSE |
| 21 Oct 2022 | £153,349 | £155,000 | 158 HERON STREET |
| 26 Aug 2022 | £164,557 | £165,000 | 8 PENRITH AVENUE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 31 Jul 2014. Using an estimated price of £115,796 means this house is valued at £1,543 per sq meter (£143 per sq foot).
The average size of a house on HERON STREET is 78 sq meters (839 sq feet).