£308,881
This estimated value is based upon the latest sale price for the house of £250,000 on 22 Nov 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £250,000 | 22 Nov 2019 |
| £151,000 | 8 Apr 2009 |
| £151,000 | 8 Apr 2009 |
| £151,000 | 8 Apr 2009 |
| £151,000 | 8 Apr 2009 |
| £76,000 | 8 Oct 1998 |
| £76,000 | 8 Oct 1998 |
| Semi-Detached |
| Leasehold |
| Floor Area: 147 sq meters or 1,582 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 November 2019 the House Price Index for GREATER MANCHESTER was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £250,000 results in an estimated price of approximately £308,881.
| 22 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £250,000 | £58,881 | £308,881 |
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 | 47.625 % | £119,063 | £369,063 |
| 3 Month Average | 46.006 % | £115,015 | £365,015 |
| 6 Month Average | 35.984 % | £89,959 | £339,959 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £262,000 | £262,000 | 21 SUNHILL CLOSE |
| 15 Mar 2024 | £264,006 | £259,950 | 41 CRAIGLANDS |
| 24 Oct 2023 | £245,578 | £240,000 | 24 SUNHILL CLOSE |
| 12 Oct 2023 | £348,925 | £341,000 | 12 BLACKCHAPEL DRIVE |
| 17 Aug 2022 | £361,691 | £360,000 | 3 DODD CROFT |
This house has a floor area of 147 sq meters or 1,582 sq feet when measured on 26 Jul 2019. Using an estimated price of £308,881 means this house is valued at £2,101 per sq meter (£195 per sq foot).
The average size of a house on CRAIGLANDS is 114 sq meters (1,233 sq feet).