£165,735
This estimated value is based upon the latest sale price for the house of £130,000 on 14 Jul 2017. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £130,000 | 14 Jul 2017 |
| £98,000 | 14 Jul 2006 |
| £28,000 | 1 Mar 2002 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 838 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 July 2017 the House Price Index for GREATER MANCHESTER was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £130,000 results in an estimated price of approximately £165,735.
| 14 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £130,000 | £35,735 | £165,735 |
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 | 67.468 % | £87,708 | £217,708 |
| 3 Month Average | 15.627 % | £20,315 | £150,315 |
| 6 Month Average | 40.180 % | £52,234 | £182,234 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £137,029 | £135,000 | 16 GREENWAY AVENUE |
| 20 Sep 2023 | £236,524 | £233,500 | 122 BROOM LANE |
| 28 Jul 2023 | £253,411 | £250,000 | 124 BROOM LANE |
| 1 Feb 2023 | £69,953 | £70,000 | 152 BROOM LANE |
| 18 Mar 2022 | £231,605 | £223,500 | 11 LOSTOCK AVENUE |
This house has a floor area of 77 sq meters or 838 sq feet when measured on 4 Mar 2010. Using an estimated price of £165,736 means this house is valued at £2,128 per sq meter (£197 per sq foot).
The average size of a house on CRANAGE ROAD is 81 sq meters (879 sq feet).