£272,331
This estimated value is based upon the latest sale price for the house of £170,500 on 17 Jan 2014. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £170,500 | 17 Jan 2014 |
| £183,000 | 20 Jan 2006 |
| 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 January 2014 the House Price Index for GREATER MANCHESTER was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £170,500 results in an estimated price of approximately £272,331.
| 17 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.6 | 59.725 % | £170,500 | £101,831 | £272,331 |
The Postcode Pricing Model uses changes in average sales price within the BL2 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 | 13.235 % | £22,565 | £193,065 |
| 3 Month Average | 37.478 % | £63,900 | £234,400 |
| 6 Month Average | 54.903 % | £93,610 | £264,110 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £236,973 | £234,900 | 42 LABURNUM PARK |
| 9 Jun 2023 | £339,108 | £335,000 | 15 OAKS LANE |
| 7 Mar 2023 | £220,073 | £218,000 | 41 LABURNUM PARK |
| 3 Feb 2023 | £362,756 | £363,000 | 9 HONDWITH CLOSE |
| 11 Jan 2023 | £896 | £900 | 18 CHERRY TREE WAY |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 16 Apr 2013. Using an estimated price of £272,332 means this house is valued at £3,059 per sq meter (£284 per sq foot).
The average size of a house on CHERRY TREE WAY is 113 sq meters (1,219 sq feet).