£55,511
This estimated value is based upon the latest sale price for the house of £45,000 on 21 Dec 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £45,000 | 21 Dec 2018 |
| £64,000 | 25 Jul 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 2018 the House Price Index for GREATER MANCHESTER was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £45,000 results in an estimated price of approximately £55,511.
| 21 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £45,000 | £10,511 | £55,511 |
The Postcode Pricing Model uses changes in average sales price within the BL1 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 | 5.274 % | £2,373 | £47,373 |
| 3 Month Average | 22.654 % | £10,194 | £55,194 |
| 6 Month Average | 15.128 % | £6,807 | £51,807 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £634,392 | £625,000 | 2 WESTGATE AVENUE |
| 3 Nov 2023 | £253,757 | £250,000 | 169 PARK ROAD |
| 1 Sep 2023 | £86,101 | £85,000 | FLAT 11 WESTPARK WESTGATE AVENUE |
| 28 Jul 2023 | £60,819 | £60,000 | FLAT 4 ASTON HOUSE, 8 WESTGATE AVENUE |
| 14 Jul 2023 | £146,978 | £145,000 | 2 CURZON ROAD |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 26 Sep 2018. Using an estimated price of £55,511 means this house is valued at £1,156 per sq meter (£107 per sq foot).
The average size of a house on WESTGATE AVENUE is 57 sq meters (617 sq feet).