£112,795
This estimated value is based upon the latest sale price for the house of £50,000 on 24 Oct 2003. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £50,000 | 24 Oct 2003 |
| Semi-Detached |
| Leasehold |
| Floor Area: 127 sq meters or 1,367 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 October 2003 the House Price Index for LANCASHIRE was 66.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 125.591%.Applying this 125.591% change to the original purchase price of £50,000 results in an estimated price of approximately £112,795.
| 24 Oct 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 66.4 | 149.7 | 125.591 % | £50,000 | £62,795 | £112,795 |
The Postcode Pricing Model uses changes in average sales price within the BB4 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 | 59.776 % | £29,888 | £79,888 |
| 3 Month Average | 104.715 % | £52,357 | £102,357 |
| 6 Month Average | 125.893 % | £62,946 | £112,946 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £143,646 | £140,000 | 2 MOUNT TERRACE |
| 13 Nov 2023 | £208,287 | £203,000 | 5 HENRY STREET |
| 10 Nov 2023 | £159,037 | £155,000 | 2 HENRY STREET |
| 16 Oct 2023 | £73,673 | £72,000 | 30 BACUP ROAD |
| 27 Jun 2023 | £218,376 | £214,000 | 7 PARRAMATTA STREET |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 16 May 2016. Using an estimated price of £112,796 means this house is valued at £888 per sq meter (£82 per sq foot).
The average size of a house on QUEEN STREET is 216 sq meters (2,330 sq feet).
This house is the smallest in the street with a floor area of 127 sq meters (1,367 sq feet).