£230,521
This estimated value is based upon the latest sale price for the house of £185,000 on 17 Aug 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £185,000 | 17 Aug 2018 |
| £150,000 | 31 May 2007 |
| £122,000 | 31 May 2007 |
| Terraced |
| Leasehold |
| Floor Area: 114 sq meters or 1,227 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 August 2018 the House Price Index for GREATER MANCHESTER was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £185,000 results in an estimated price of approximately £230,521.
| 17 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £185,000 | £45,521 | £230,521 |
The Postcode Pricing Model uses changes in average sales price within the M19 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 | 26.394 % | £48,829 | £233,829 |
| 3 Month Average | 31.667 % | £58,584 | £243,584 |
| 6 Month Average | 29.444 % | £54,470 | £239,470 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £177,731 | £175,000 | 7 WESTMINSTER STREET |
| 10 Oct 2023 | £214,880 | £210,000 | 16 KING EDWARD STREET |
| 26 Jun 2023 | £253,072 | £248,000 | 31 MONTREAL STREET |
| 24 Apr 2023 | £226,231 | £222,000 | 36 MONTREAL STREET |
| 3 Feb 2023 | £186,244 | £185,000 | 4 WETHERALL STREET |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 25 Apr 2018. Using an estimated price of £230,521 means this house is valued at £2,022 per sq meter (£187 per sq foot).
The average size of a house on CROMWELL GROVE is 117 sq meters (1,268 sq feet).