£154,416
This estimated value is based upon the latest sale price for the house of £120,000 on 2 May 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £120,000 | 2 May 2017 |
| £145,500 | 15 Jan 2007 |
| Semi-Detached |
| Leasehold |
| Floor Area: 89 sq meters or 957 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 May 2017 the House Price Index for GREATER MANCHESTER was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £120,000 results in an estimated price of approximately £154,416.
| 2 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £120,000 | £34,416 | £154,416 |
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 | 21.257 % | £25,508 | £145,508 |
| 3 Month Average | 49.959 % | £59,951 | £179,951 |
| 6 Month Average | 57.797 % | £69,356 | £189,356 |
| 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 89 sq meters or 957 sq feet when measured on 10 Dec 2014. Using an estimated price of £154,416 means this house is valued at £1,735 per sq meter (£161 per sq foot).
The average size of a house on WIGAN ROAD is 97 sq meters (1,052 sq feet).