£186,160
This estimated value is based upon the latest sale price for the house of £98,000 on 3 Dec 2004. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £98,000 | 3 Dec 2004 |
| £41,000 | 29 Nov 2001 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,098 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 December 2004 the House Price Index for GREATER MANCHESTER was 78.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 89.960%.Applying this 89.960% change to the original purchase price of £98,000 results in an estimated price of approximately £186,160.
| 3 Dec 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.8 | 149.7 | 89.960 % | £98,000 | £88,160 | £186,160 |
The Postcode Pricing Model uses changes in average sales price within the M22 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 | 114.884 % | £112,586 | £210,586 |
| 3 Month Average | 97.565 % | £95,613 | £193,613 |
| 6 Month Average | 99.539 % | £97,548 | £195,548 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2024 | £166,954 | £166,954 | 6 CULMERE ROAD |
| 21 Jun 2024 | £218,000 | £218,000 | 69 DUNKERY ROAD |
| 30 Nov 2023 | £153,907 | £150,000 | 87 CORNISHWAY |
| 29 Aug 2023 | £222,513 | £218,500 | 41 ELLENBROOK ROAD |
| 3 Nov 2022 | £149,302 | £150,000 | 2 RAVENSCAR CRESCENT |
This house has a floor area of 102 sq meters or 1,098 sq feet when measured on 24 Feb 2011. Using an estimated price of £186,160 means this house is valued at £1,824 per sq meter (£169 per sq foot).
The average size of a house on CORNISHWAY is 83 sq meters (901 sq feet).