£83,434
This estimated value is based upon the latest sale price for the house of £69,000 on 10 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 |
|---|---|
| £69,000 | 10 Jul 2020 |
| £28,500 | 17 Apr 2003 |
| £24,000 | 29 Sep 1995 |
| Terraced |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 £69,000 results in an estimated price of approximately £83,434.
| 10 Jul 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 148.6 | 20.920 % | £69,000 | £14,434 | £83,434 |
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 | 0.211 % | £145 | £69,145 |
| 3 Month Average | 29.539 % | £20,381 | £89,381 |
| 6 Month Average | 29.390 % | £20,278 | £89,278 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £116,489 | £115,000 | 503 WIGAN ROAD |
| 27 Jan 2023 | £151,287 | £152,000 | 25 CHIP HILL ROAD |
| 29 Jul 2022 | £180,486 | £180,000 | 7 CHIP HILL ROAD |
| 4 Jul 2022 | £190,513 | £190,000 | 72 PLATT HILL AVENUE |
| 21 Mar 2022 | £98,445 | £95,000 | 497 WIGAN ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 27 Sep 2017. Using an estimated price of £83,435 means this house is valued at £1,191 per sq meter (£110 per sq foot).
The average size of a house on WIGAN ROAD is 97 sq meters (1,052 sq feet).