£112,559
This estimated value is based upon the latest sale price for the house of £80,000 on 20 Oct 2015. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £80,000 | 20 Oct 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 October 2015 the House Price Index for GREATER MANCHESTER was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £80,000 results in an estimated price of approximately £112,559.
| 20 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 148.6 | 40.699 % | £80,000 | £32,559 | £112,559 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 16.493 % | £13,194 | £93,194 |
| 3 Month Average | 41.256 % | £33,004 | £113,004 |
| 6 Month Average | 48.485 % | £38,788 | £118,788 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Jun 2023 | £151,839 | £150,000 | 2 FERNHILL AVENUE |
| 27 Jan 2023 | £151,287 | £152,000 | 25 CHIP HILL ROAD |
| 29 Jul 2022 | £180,486 | £180,000 | 7 CHIP HILL ROAD |
| 15 Jul 2022 | £145,391 | £145,000 | 48 PLATT HILL AVENUE |
| 5 Apr 2022 | £267,748 | £260,000 | 11 HIGHER CLOUGH CLOSE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 1 Oct 2015. Using an estimated price of £112,559 means this house is valued at £1,293 per sq meter (£120 per sq foot).
The average size of a house on FERNHILL AVENUE is 112 sq meters (1,213 sq feet).
This house is the largest in the street with a floor area of 87 sq meters (936 sq feet).