£296,337
This estimated value is based upon the latest sale price for the house of £275,000 on 1 Sep 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £275,000 | 1 Sep 2021 |
| £255,000 | 25 Sep 2020 |
| £150,000 | 8 Jun 2006 |
| 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 September 2021 the House Price Index for GREATER MANCHESTER was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £275,000 results in an estimated price of approximately £296,337.
| 1 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £275,000 | £21,337 | £296,337 |
The Postcode Pricing Model uses changes in average sales price within the SK4 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 | -50.475 % | £-138,807 | £136,192 |
| 3 Month Average | 5.168 % | £14,210 | £289,210 |
| 6 Month Average | -11.647 % | £-32,028 | £242,971 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2022 | £264,741 | £261,000 | 4 GREENSIDE |
| 14 Apr 2022 | £272,897 | £265,000 | 1 MIDDLEWOOD DRIVE |
| 14 Apr 2022 | £247,152 | £240,000 | 116 CRAIG ROAD |
| 17 Mar 2022 | £352,329 | £340,000 | 58 VALLEY ROAD |
| 26 Nov 2021 | £224,955 | £208,000 | 25 GREENSIDE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 18 Aug 2020. Using an estimated price of £296,338 means this house is valued at £3,406 per sq meter (£316 per sq foot).
The average size of a house on CRAIG ROAD is 88 sq meters (947 sq feet).