£298,693
This estimated value is based upon the latest sale price for the house of £269,950 on 29 Oct 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £269,950 | 29 Oct 2021 |
| £198,000 | 12 Feb 2016 |
| £229,995 | 6 Jun 2008 |
| Terraced |
| Leasehold |
| Floor Area: 105 sq meters or 1,130 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 2021 the House Price Index for GREATER MANCHESTER was 134.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 10.648%.Applying this 10.648% change to the original purchase price of £269,950 results in an estimated price of approximately £298,693.
| 29 Oct 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.6 | 10.648 % | £269,950 | £28,743 | £298,693 |
The Postcode Pricing Model uses changes in average sales price within the OL11 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 | 13.280 % | £35,850 | £305,800 |
| 3 Month Average | -0.369 % | £-995 | £268,954 |
| 6 Month Average | 1.409 % | £3,803 | £273,753 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £146,280 | £145,000 | APARTMENT 7 2 PAPERHOUSE CLOSE |
| 10 Jul 2023 | £146,978 | £145,000 | APARTMENT 2 3 PAPERHOUSE CLOSE |
| 9 Feb 2023 | £151,898 | £152,000 | APARTMENT 5 3 PAPERHOUSE CLOSE |
| 29 Jul 2022 | £149,402 | £149,000 | APARTMENT 3 2 PAPERHOUSE CLOSE |
| 27 May 2022 | £254,801 | £250,000 | 3 COAL BANK FOLD |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 2 Aug 2021. Using an estimated price of £298,694 means this house is valued at £2,844 per sq meter (£264 per sq foot).
The average size of a house on COAL BANK FOLD is 126 sq meters (1,359 sq feet).