£166,980
This estimated value is based upon the latest sale price for the house of £70,500 on 16 May 2003. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
There has been one burglary within the last year on or near Melrose Street
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Price Paid | Date |
---|---|
£70,500 | 16 May 2003 |
£35,000 | 30 Jun 1998 |
Terraced |
Freehold |
Floor Area: 44 sq meters or 480 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 May 2003 the House Price Index for LANCASHIRE was 62.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 136.852%.Applying this 136.852% change to the original purchase price of £70,500 results in an estimated price of approximately £166,980.
16 May 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
62.7 | 148.6 | 136.852 % | £70,500 | £96,480 | £166,980 |
The Postcode Pricing Model uses changes in average sales price within the LA1 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 | 252.352 % | £177,908 | £248,408 |
3 Month Average | 89.557 % | £63,137 | £133,637 |
6 Month Average | 122.623 % | £86,449 | £156,949 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £135,000 | £135,000 | 10 MELROSE STREET |
18 Dec 2023 | £129,262 | £127,000 | 47 BALMORAL ROAD |
13 Mar 2023 | £135,274 | £134,000 | 54 MELROSE STREET |
9 Dec 2021 | £160,707 | £150,000 | 75 BALMORAL ROAD |
26 Nov 2021 | £275,786 | £255,000 | 21 BALMORAL ROAD |
This house has a floor area of 44 sq meters or 480 sq feet when measured on 13 Aug 2009. Using an estimated price of £166,980 means this house is valued at £3,744 per sq meter (£347 per sq foot).
The average size of a house on MELROSE STREET is 49 sq meters (535 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Burglary | Under investigation | On or near Melrose Street |
Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Melrose Street |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Melrose Street |
Feb 2024 | Violence and sexual offences | Local resolution | On or near Melrose Street |
Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Melrose Street |