£149,273
This estimated value is based upon the latest sale price for the house of £120,000 on 8 Jun 2018. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £120,000 | 8 Jun 2018 |
| Detached |
| Leasehold |
| Floor Area: 63 sq meters or 678 sq feet |
This model uses changes in the Official Land Registry House Price Index for LANCASHIRE to estimate the market value.
When this house was purchased in June 2018 the House Price Index for LANCASHIRE was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £120,000 results in an estimated price of approximately £149,273.
| 8 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £120,000 | £29,273 | £149,273 |
The Postcode Pricing Model uses changes in average sales price within the BB12 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 | -12.991 % | £-15,588 | £104,411 |
| 3 Month Average | -10.671 % | £-12,805 | £107,194 |
| 6 Month Average | 9.616 % | £11,539 | £131,539 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £163,934 | £162,500 | 32 FARADAY STREET |
| 18 Jul 2023 | £405 | £400 | 2 SOUTHCLIFFE AVENUE |
| 12 Jul 2023 | £405 | £400 | 11 SOMERFORD CLOSE |
| 9 Jun 2023 | £405 | £400 | 4 SOMERFORD CLOSE |
| 2 Jun 2023 | £405 | £400 | 35 WELLFIELD DRIVE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 8 May 2018. Using an estimated price of £149,273 means this house is valued at £2,369 per sq meter (£220 per sq foot).
The average size of a house on SOMERFORD CLOSE is 75 sq meters (809 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Ighten Road | |
| Feb 2024 | Anti-social behaviour | On or near Ighten Road | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Netherfield Close |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Faraday Street |
| Mar 2024 | Anti-social behaviour | On or near Harefield Rise |