£502,391
This estimated value is based upon the latest sale price for the house of £420,000 on 11 Sep 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £420,000 | 11 Sep 2020 |
| £249,999 | 25 Nov 2016 |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 September 2020 the House Price Index for GREATER MANCHESTER was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £420,000 results in an estimated price of approximately £502,391.
| 11 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £420,000 | £82,391 | £502,391 |
The Postcode Pricing Model uses changes in average sales price within the OL10 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 | 13449.400 % | £56,487,481 | £56,907,481 |
| 3 Month Average | 12.884 % | £54,113 | £474,113 |
| 6 Month Average | 23.236 % | £97,593 | £517,593 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £1,857,064 | £1,800,000 | UNIT J BIRCH BUSINESS PARK |
| 18 Sep 2023 | £194,283 | £190,000 | 600 HEYWOOD OLD ROAD |
| 7 Aug 2023 | £211,820 | £208,000 | 128 LATRIGG CRESCENT |
| 23 Mar 2023 | £279,671 | £275,000 | 761 HEYWOOD OLD ROAD |
| 10 Feb 2023 | £198,325 | £197,000 | 280 HEYWOOD OLD ROAD |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 13 Apr 2015. Using an estimated price of £502,392 means this house is valued at £4,152 per sq meter (£385 per sq foot).
There is one other house on the street which we know the size of, this is WHITTLE BUNGALOW WHITTLE LANE it is 170.0