£262,675
This estimated value is based upon the latest sale price for the house of £97,500 on 6 Sep 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £97,500 | 6 Sep 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 2002 the House Price Index for GREATER MANCHESTER was 55.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 169.411%.Applying this 169.411% change to the original purchase price of £97,500 results in an estimated price of approximately £262,675.
| 6 Sep 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 55.2 | 148.6 | 169.411 % | £97,500 | £165,175 | £262,675 |
The Postcode Pricing Model uses changes in average sales price within the OL12 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 | 169.163 % | £164,934 | £262,434 |
| 3 Month Average | 152.130 % | £148,326 | £245,826 |
| 6 Month Average | 204.007 % | £198,906 | £296,406 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £215,000 | £215,000 | 6 WOODHOUSE LANE |
| 15 Dec 2023 | £223,918 | £220,000 | 4 SEVEN ACRES LANE |
| 10 Nov 2023 | £208,334 | £205,250 | 8 WOODHOUSE LANE |
| 15 Sep 2023 | £263,367 | £260,000 | 13 KEEPERS DRIVE |
| 16 Jun 2023 | £275,335 | £272,000 | 5 SEVEN ACRES LANE |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 16 Jun 2014. Using an estimated price of £262,675 means this house is valued at £2,626 per sq meter (£244 per sq foot).
The average size of a house on SEVEN ACRES LANE is 102 sq meters (1,107 sq feet).