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Estimated Market Value


This estimated value is based upon the latest sale price for the house of £345,000 on 4 Jul 2003. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER1

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Transactions for this house
Price PaidDate
£345,0004 Jul 2003
House Details

House Price Models

Land Registry House Price Index Model

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 July 2003 the House Price Index for GREATER MANCHESTER was 60.5.

The House Price Index as of 1 Dec 2019 is 131.5 which is a change of 117.355%.

Applying this 117.355% change to the original purchase price of £345,000 gives us an estimated price now of around £749,873.

4 Jul 2003 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
60.5 131.5 117.355 % £345,000 £404,873 £749,873

The Postcode Pricing Model uses changes in average sales price within the SK7 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 64.691 % £223,185 £568,185
3 Month Average 80.807 % £278,784 £623,784
6 Month Average 91.552 % £315,854 £660,854

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In July 2003 the average sale price for the 50 nearest sales within two miles of 11 BRAMWAY was £183,856.

In September 2020 the average sale price for the 2 nearest sales was £221,489. This is a change of 20.469%.

So taking the original purchase price of £345,000 and adjusting it by 20.469% gives an estimated price of £415,617.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 4 Jul 2003 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£183,856 £221,489 20.469 % £345,000 £70,617 £415,617
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
3 Oct 2019 £516,509 £512,500 30 LARCHWAY
20 Aug 2019 £366,788 £362,000 32 THORNWAY
16 Aug 2019 £552,209 £545,000 2 THORNWAY
28 Jun 2019 £466,072 £454,833 30 OAK DRIVE
8 Mar 2019 £458,779 £439,950 6 LARCHWAY

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1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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