£206,289
This estimated value is based upon the latest sale price for the house of £167,000 on 27 Feb 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £167,000 | 27 Feb 2019 |
| Semi-Detached |
| Leasehold |
| Floor Area: 87 sq meters or 936 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 February 2019 the House Price Index for GREATER MANCHESTER was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £167,000 results in an estimated price of approximately £206,289.
| 27 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £167,000 | £39,289 | £206,289 |
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 | -19.374 % | £-32,354 | £134,645 |
| 3 Month Average | 7.660 % | £12,791 | £179,791 |
| 6 Month Average | 18.017 % | £30,088 | £197,088 |
| 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 |
| 31 May 2022 | £270,089 | £265,000 | 35 SUNHILL CLOSE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 6 Sep 2018. Using an estimated price of £206,290 means this house is valued at £2,371 per sq meter (£220 per sq foot).
The average size of a house on CRAIGLANDS is 114 sq meters (1,233 sq feet).