£333,804
This estimated value is based upon the latest sale price for the house of £257,500 on 12 May 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £257,500 | 12 May 2017 |
| £80,000 | 16 Feb 1999 |
| Semi-Detached |
| Leasehold |
| Floor Area: 128 sq meters or 1,377 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 2017 the House Price Index for GREATER MANCHESTER was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £257,500 results in an estimated price of approximately £333,804.
| 12 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £257,500 | £76,304 | £333,804 |
The Postcode Pricing Model uses changes in average sales price within the BL5 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 | 36.093 % | £92,940 | £350,440 |
| 3 Month Average | 38.176 % | £98,302 | £355,802 |
| 6 Month Average | 50.622 % | £130,350 | £387,850 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2024 | £195,000 | £195,000 | 100 NEWBROOK ROAD |
| 26 Apr 2024 | £221,927 | £220,000 | 149 NEWBROOK ROAD |
| 6 Dec 2023 | £297,130 | £288,000 | 24 REYNOLDS DRIVE |
| 28 Mar 2023 | £345,774 | £340,000 | 66 NEWBROOK ROAD |
| 3 Mar 2023 | £223,736 | £220,000 | 6 CHERRYWOOD AVENUE |
This house has a floor area of 128 sq meters or 1,377 sq feet when measured on 1 Mar 2017. Using an estimated price of £333,805 means this house is valued at £2,607 per sq meter (£242 per sq foot).
The average size of a house on NEWBROOK ROAD is 108 sq meters (1,167 sq feet).