£215,654
This estimated value is based upon the latest sale price for the house of £175,000 on 19 Oct 2018. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £175,000 | 19 Oct 2018 |
| £235,000 | 20 Dec 2016 |
| £119,850 | 26 May 2000 |
| Detached |
| Leasehold |
| Floor Area: 105 sq meters or 1,130 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 October 2018 the House Price Index for GREATER MANCHESTER was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £175,000 results in an estimated price of approximately £215,654.
| 19 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £175,000 | £40,654 | £215,654 |
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 | -26.992 % | £-47,236 | £127,763 |
| 3 Month Average | 18.925 % | £33,117 | £208,117 |
| 6 Month Average | 30.212 % | £52,871 | £227,871 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £332,823 | £327,000 | 1 RADBOURNE GROVE |
| 9 Aug 2023 | £176,544 | £175,000 | 55 CRANBERRY DRIVE |
| 23 Sep 2022 | £202,366 | £204,000 | 37 CRANBERRY DRIVE |
| 24 Jun 2022 | £218,082 | £215,000 | 43 CRANBERRY DRIVE |
| 11 Feb 2022 | £325,095 | £310,000 | 7 BRANSDALE CLOSE |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 23 Jun 2015. Using an estimated price of £215,654 means this house is valued at £2,053 per sq meter (£190 per sq foot).
The average size of a house on CRANBERRY DRIVE is 86 sq meters (928 sq feet).