£207,663
This estimated value is based upon the latest sale price for the house of £153,500 on 10 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 |
|---|---|
| £153,500 | 10 May 2016 |
| Semi-Detached |
| Leasehold |
| Floor Area: 108 sq meters or 1,162 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 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £153,500 results in an estimated price of approximately £207,663.
| 10 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 149.7 | 35.286 % | £153,500 | £54,163 | £207,663 |
The Postcode Pricing Model uses changes in average sales price within the BL2 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 | 46.076 % | £70,726 | £224,226 |
| 3 Month Average | 55.858 % | £85,742 | £239,242 |
| 6 Month Average | 57.437 % | £88,166 | £241,666 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 May 2024 | £240,000 | £240,000 | 161 CROMPTON WAY |
| 12 Dec 2023 | £273,401 | £265,000 | 94 CROMPTON WAY |
| 24 Nov 2023 | £224,704 | £219,000 | 150 CROMPTON WAY |
| 25 Jan 2023 | £150,402 | £150,000 | 94 STATON AVENUE |
| 13 Jan 2023 | £235,630 | £235,000 | 56 STATON AVENUE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 17 Oct 2015. Using an estimated price of £207,663 means this house is valued at £1,922 per sq meter (£178 per sq foot).
The average size of a house on CROMPTON WAY is 101 sq meters (1,096 sq feet).