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Transactions for this house
Price PaidDate
£175,00021 Apr 1995
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 April 1995 the House Price Index for GREATER MANCHESTER was 31.0.

The House Price Index as of 1 Dec 2019 is 131.5 which is a change of 323.843%.

Applying this 323.843% change to the original purchase price of £175,000 gives us an estimated price now of around £741,725.

21 Apr 1995 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
31.0 131.5 323.843 % £175,000 £566,725 £741,725

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 282.918 % £495,106 £670,106
3 Month Average 308.603 % £540,055 £715,055
6 Month Average 308.299 % £539,522 £714,522

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

In April 1995 the average sale price for the 50 nearest sales within three miles of 5 BRAMWAY was £76,426.

In September 2020 the average sale price for the 2 nearest sales was £221,489. This is a change of 189.808%.

So taking the original purchase price of £175,000 and adjusting it by 189.808% gives an estimated price of £507,164.

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

Average price on 21 Apr 1995 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£76,426 £221,489 189.808 % £175,000 £332,164 £507,164
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

Show these sales on a map

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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