£60,460
This estimated value is based upon the latest sale price for the house of £50,000 on 2 Jul 2020. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £50,000 | 2 Jul 2020 |
| Freehold |
| Floor Area: 372 sq meters or 4,004 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 2020 the House Price Index for GREATER MANCHESTER was 122.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.920%.Applying this 20.920% change to the original purchase price of £50,000 results in an estimated price of approximately £60,460.
| 2 Jul 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 148.6 | 20.920 % | £50,000 | £10,460 | £60,460 |
The Postcode Pricing Model uses changes in average sales price within the OL6 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 | 260.664 % | £130,332 | £180,332 |
| 3 Month Average | 26.936 % | £13,468 | £63,468 |
| 6 Month Average | 23.049 % | £11,524 | £61,524 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £192,855 | £190,000 | 84 WATERTON LANE |
| 28 Apr 2022 | £224,754 | £218,250 | 137 LANE HEAD ROAD |
| 15 Mar 2022 | £217,615 | £210,000 | 15 BROADCARR LANE |
| 19 Nov 2021 | £189,265 | £175,000 | 74 WATERTON LANE |
| 19 Nov 2021 | £270,378 | £250,000 | 7 WATERTON AVENUE |
This house has a floor area of 372 sq meters or 4,004 sq feet when measured on 19 May 2014. Using an estimated price of £60,460 means this house is valued at £162 per sq meter (£15 per sq foot).
The average size of a house on LEES ROAD is 123 sq meters (1,332 sq feet).
This house is the largest in the street with a floor area of 372 sq meters (4,004 sq feet).