£118,086
This estimated value is based upon the latest sale price for the house of £68,000 on 22 Jun 2006. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £68,000 | 22 Jun 2006 |
| £13,500 | 19 Jul 2002 |
| £16,000 | 4 Jul 2000 |
| £10,000 | 11 Jul 1996 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 June 2006 the House Price Index for GREATER MANCHESTER was 85.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.656%.Applying this 73.656% change to the original purchase price of £68,000 results in an estimated price of approximately £118,086.
| 22 Jun 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.6 | 148.6 | 73.656 % | £68,000 | £50,086 | £118,086 |
The Postcode Pricing Model uses changes in average sales price within the M18 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 | 63.643 % | £43,277 | £111,277 |
| 3 Month Average | 102.545 % | £69,730 | £137,730 |
| 6 Month Average | 84.011 % | £57,127 | £125,127 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £145,865 | £144,000 | 21 BEARD ROAD |
| 22 Aug 2023 | £131,147 | £130,000 | 132 HEATHCOTE ROAD |
| 17 Mar 2023 | £153,446 | £152,000 | 146 CRAIG ROAD |
| 17 Feb 2023 | £124,916 | £125,000 | 127 CRAIG ROAD |
| 28 Nov 2022 | £158,085 | £160,000 | 134 HEATHCOTE ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 25 Apr 2016. Using an estimated price of £118,086 means this house is valued at £1,686 per sq meter (£156 per sq foot).
The average size of a house on CRAIG ROAD is 72 sq meters (778 sq feet).