£165,178
This estimated value is based upon the latest sale price for the house of £123,000 on 6 May 2016. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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Price Paid | Date |
---|---|
£123,000 | 6 May 2016 |
£105,000 | 30 Jun 2005 |
£51,000 | 12 Apr 2001 |
Semi-Detached |
Freehold |
Floor Area: 67 sq meters or 721 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 2016 the House Price Index for GREATER MANCHESTER was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £123,000 results in an estimated price of approximately £165,178.
6 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.7 | 148.6 | 34.292 % | £123,000 | £42,178 | £165,178 |
The Postcode Pricing Model uses changes in average sales price within the BL9 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 | 95.426 % | £117,374 | £240,374 |
3 Month Average | 58.225 % | £71,617 | £194,617 |
6 Month Average | 61.368 % | £75,482 | £198,482 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £234,096 | £230,000 | 98 BRECON DRIVE |
21 Jul 2023 | £167,251 | £165,000 | 2 PEMBROKE DRIVE |
16 Mar 2023 | £287,711 | £285,000 | 111 RADCLIFFE ROAD |
9 Jan 2023 | £74,648 | £75,000 | 651 WHITEFIELD ROAD |
22 Aug 2022 | £154,584 | £155,000 | 38 CARDIGAN DRIVE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 14 Sep 2015. Using an estimated price of £165,179 means this house is valued at £2,465 per sq meter (£229 per sq foot).
The average size of a house on CARDIGAN DRIVE is 77 sq meters (836 sq feet).