£392,361
This estimated value is based upon the latest sale price for the house of £142,000 on 8 Aug 2002. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
| Price Paid | Date |
|---|---|
| £142,000 | 8 Aug 2002 |
| Semi-Detached |
| Leasehold |
| Floor Area: 96 sq meters or 1,033 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 August 2002 the House Price Index for GREATER MANCHESTER was 54.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 176.311%.Applying this 176.311% change to the original purchase price of £142,000 results in an estimated price of approximately £392,361.
| 8 Aug 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 54.2 | 149.7 | 176.311 % | £142,000 | £250,361 | £392,361 |
The Postcode Pricing Model uses changes in average sales price within the M33 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 | 185.299 % | £263,123 | £405,123 |
| 3 Month Average | 180.370 % | £256,125 | £398,125 |
| 6 Month Average | 178.655 % | £253,690 | £395,690 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £515,000 | £515,000 | 5 BRADDAN AVENUE |
| 30 Mar 2023 | £465,270 | £457,500 | 2 GRASMERE ROAD |
| 10 Jan 2023 | £431,152 | £430,000 | 24 CUMBERLAND ROAD |
| 22 Jul 2022 | £484,858 | £480,000 | 25 PENRITH AVENUE |
| 22 Jun 2022 | £468,004 | £458,000 | 11 BRADDAN AVENUE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 25 Jul 2016. Using an estimated price of £392,361 means this house is valued at £4,087 per sq meter (£379 per sq foot).
The average size of a house on CUMBERLAND ROAD is 122 sq meters (1,321 sq feet).