£99,188
This estimated value is based upon the latest sale price for the house of £53,000 on 25 Feb 2005. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £53,000 | 25 Feb 2005 |
| £25,000 | 19 May 2003 |
| £12,500 | 2 Jul 2001 |
| £12,500 | 16 Mar 2000 |
| £3,000 | 14 Feb 1995 |
| Terraced |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 February 2005 the House Price Index for LANCASHIRE was 79.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 87.147%.Applying this 87.147% change to the original purchase price of £53,000 results in an estimated price of approximately £99,188.
| 25 Feb 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.4 | 148.6 | 87.147 % | £53,000 | £46,188 | £99,188 |
The Postcode Pricing Model uses changes in average sales price within the OL13 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 | 3347.240 % | £1,774,037 | £1,827,037 |
| 3 Month Average | 464.642 % | £246,260 | £299,260 |
| 6 Month Average | 182.959 % | £96,968 | £149,968 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £63,104 | £62,000 | 6 HARDMAN TERRACE |
| 18 Aug 2023 | £121,059 | £120,000 | 8 HARDMAN TERRACE |
| 6 Jul 2023 | £113,528 | £112,000 | 21 HERBERT STREET |
| 15 Jun 2023 | £60,736 | £60,000 | 6 BRUNSWICK TERRACE |
| 21 Apr 2023 | £166,745 | £164,950 | 20 FARHOLME LANE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 5 Feb 2016. Using an estimated price of £99,188 means this house is valued at £1,653 per sq meter (£153 per sq foot).
There is one other house on the street which we know the size of, this is 6 VICTORIA STREET it is 79.0