£512,875
This estimated value is based upon the latest sale price for the house of £415,000 on 20 Dec 2019. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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HQ Salford, Clippers Quay, Manchester, M50 3XP
Phone: 01615062781
Price Paid | Date |
---|---|
£415,000 | 20 Dec 2019 |
£195,000 | 9 Sep 2005 |
Semi-Detached |
Freehold |
Floor Area: 112 sq meters or 1,205 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 2019 the House Price Index for GREATER MANCHESTER was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £415,000 results in an estimated price of approximately £512,875.
20 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 149.7 | 23.585 % | £415,000 | £97,875 | £512,875 |
The Postcode Pricing Model uses changes in average sales price within the M33 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 | 45.320 % | £188,077 | £603,077 |
3 Month Average | 44.684 % | £185,439 | £600,439 |
6 Month Average | 31.831 % | £132,098 | £547,098 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Sep 2023 | £541,947 | £530,000 | 12 ELTON ROAD |
3 Apr 2023 | £387,243 | £380,000 | 19 LOWTON ROAD |
15 Feb 2023 | £412,757 | £410,000 | 13 CRANMERE DRIVE |
17 Jun 2022 | £582,450 | £570,000 | 15 DRAYTON CLOSE |
22 Apr 2022 | £352,723 | £340,000 | 49 COPPICE AVENUE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 27 Aug 2019. Using an estimated price of £512,876 means this house is valued at £4,579 per sq meter (£425 per sq foot).
The average size of a house on CRANMERE DRIVE is 120 sq meters (1,301 sq feet).