£60,326
This estimated value is based upon the latest sale price for the house of £60,000 on 24 Mar 2023. This value is then adjusted by the current Official House Price Index for GREATER MANCHESTER 1
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| Price Paid | Date |
|---|---|
| £60,000 | 24 Mar 2023 |
| £35,000 | 5 Jun 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 56 sq meters or 602 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 March 2023 the House Price Index for GREATER MANCHESTER was 147.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.543%.Applying this 0.543% change to the original purchase price of £60,000 results in an estimated price of approximately £60,326.
| 24 Mar 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.0 | 0.543 % | £60,000 | £326 | £60,326 |
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 | -61.058 % | £-36,634 | £23,365 |
| 3 Month Average | 3.872 % | £2,322 | £62,322 |
| 6 Month Average | -8.683 % | £-5,210 | £54,789 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £101,300 | £100,000 | 15 NAPIER STREET WEST |
| 24 Mar 2023 | £60,326 | £60,000 | 26 NEWPORT STREET |
| 15 Feb 2023 | £197,068 | £198,000 | 4 NEWPORT STREET |
| 21 Oct 2022 | £541,944 | £550,000 | 103 FREDERICK STREET |
| 26 Aug 2022 | £172,832 | £174,000 | 18 NEWPORT STREET |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 1 Jun 2021. Using an estimated price of £60,326 means this house is valued at £1,077 per sq meter (£100 per sq foot).
The average size of a house on NEWPORT STREET is 171 sq meters (1,848 sq feet).
This house is the smallest in the street with a floor area of 56 sq meters (602 sq feet).