£45,166
This estimated value is based upon the latest sale price for the house of £39,999 on 30 Apr 2021. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £39,999 | 30 Apr 2021 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 April 2021 the House Price Index for GREATER MANCHESTER was 131.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 12.918%.Applying this 12.918% change to the original purchase price of £39,999 results in an estimated price of approximately £45,166.
| 30 Apr 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.6 | 148.6 | 12.918 % | £39,999 | £5,167 | £45,166 |
The Postcode Pricing Model uses changes in average sales price within the OL8 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 | -28.714 % | £-11,485 | £28,513 |
| 3 Month Average | 121.022 % | £48,407 | £88,406 |
| 6 Month Average | 26.375 % | £10,549 | £50,548 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £101,503 | £100,000 | 15 NAPIER STREET WEST |
| 24 Mar 2023 | £60,571 | £60,000 | 26 NEWPORT STREET |
| 15 Feb 2023 | £197,867 | £198,000 | 4 NEWPORT STREET |
| 21 Oct 2022 | £544,141 | £550,000 | 103 FREDERICK STREET |
| 26 Aug 2022 | £173,533 | £174,000 | 18 NEWPORT STREET |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 16 Apr 2019. Using an estimated price of £45,166 means this house is valued at £903 per sq meter (£83 per sq foot).
The average size of a house on NAPIER STREET WEST is 117 sq meters (1,266 sq feet).
This house is the smallest in the street with a floor area of 50 sq meters (538 sq feet).