£167,932
This estimated value is based upon the latest sale price for the house of £135,000 on 12 Jun 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £135,000 | 12 Jun 2018 |
| Semi-Detached |
| Leasehold |
| Floor Area: 106 sq meters or 1,140 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 June 2018 the House Price Index for GREATER MANCHESTER was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £135,000 results in an estimated price of approximately £167,932.
| 12 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £135,000 | £32,932 | £167,932 |
The Postcode Pricing Model uses changes in average sales price within the OL16 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 | 24.346 % | £32,866 | £167,866 |
| 3 Month Average | 30.036 % | £40,549 | £175,549 |
| 6 Month Average | 17.156 % | £23,160 | £158,160 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £100,883 | £100,000 | 37 CRAIGLANDS |
| 28 Jul 2023 | £102,885 | £101,500 | 4A PARKFIELD STREET |
| 22 Jun 2023 | £240,412 | £237,500 | 16 GILBROOK WAY |
| 3 Feb 2023 | £244,835 | £245,000 | 22 GILBROOK WAY |
| 25 Apr 2022 | £159,104 | £154,500 | 7 CULVERT STREET |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 27 Jun 2017. Using an estimated price of £167,932 means this house is valued at £1,584 per sq meter (£147 per sq foot).
The average size of a house on CRAIGLANDS is 114 sq meters (1,233 sq feet).