£243,015
This estimated value is based upon the latest sale price for the house of £197,000 on 17 Dec 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £197,000 | 17 Dec 2018 |
| Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 2018 the House Price Index for GREATER MANCHESTER was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £197,000 results in an estimated price of approximately £243,015.
| 17 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £197,000 | £46,015 | £243,015 |
The Postcode Pricing Model uses changes in average sales price within the BL3 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 | 40.405 % | £79,597 | £276,597 |
| 3 Month Average | 46.832 % | £92,258 | £289,258 |
| 6 Month Average | 25.946 % | £51,113 | £248,113 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £323,154 | £317,500 | 3 BLAKEY CLOSE |
| 9 Jan 2023 | £366,275 | £368,000 | 14 OLDSTEAD GROVE |
| 30 Nov 2022 | £311,230 | £315,000 | 20 OLDSTEAD GROVE |
| 29 Apr 2022 | £272,897 | £265,000 | 8 CRINGLE CLOSE |
| 28 Apr 2022 | £278,046 | £270,000 | 7 BAYSDALE AVENUE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 13 Jul 2012. Using an estimated price of £243,015 means this house is valued at £3,115 per sq meter (£289 per sq foot).
The average size of a house on CRINGLE CLOSE is 101 sq meters (1,087 sq feet).