£110,861
This estimated value is based upon the latest sale price for the house of £36,000 on 11 Feb 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £36,000 | 11 Feb 2002 |
| Terraced |
| Leasehold |
| Floor Area: 83 sq meters or 893 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 February 2002 the House Price Index for GREATER MANCHESTER was 48.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 207.949%.Applying this 207.949% change to the original purchase price of £36,000 results in an estimated price of approximately £110,861.
| 11 Feb 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 48.3 | 148.6 | 207.949 % | £36,000 | £74,861 | £110,861 |
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 | 196.926 % | £70,893 | £106,893 |
| 3 Month Average | 272.701 % | £98,172 | £134,172 |
| 6 Month Average | 271.617 % | £97,782 | £133,782 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £117,743 | £116,000 | 475 WIGAN ROAD |
| 9 Nov 2023 | £101,503 | £100,000 | 427 WIGAN ROAD |
| 9 Nov 2023 | £101,503 | £100,000 | 425 WIGAN ROAD |
| 15 Jun 2023 | £177,146 | £175,000 | 445 WIGAN ROAD |
| 9 Jun 2023 | £151,839 | £150,000 | 2 FERNHILL AVENUE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 22 Aug 2014. Using an estimated price of £110,862 means this house is valued at £1,335 per sq meter (£124 per sq foot).
The average size of a house on WIGAN ROAD is 97 sq meters (1,052 sq feet).