£208,945
This estimated value is based upon the latest sale price for the house of £111,000 on 12 Nov 2004. 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 Springfield Street
More crime details
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| Price Paid | Date |
|---|---|
| £111,000 | 12 Nov 2004 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 52 sq meters or 566 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 November 2004 the House Price Index for LANCASHIRE was 78.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.239%.Applying this 88.239% change to the original purchase price of £111,000 results in an estimated price of approximately £208,945.
| 12 Nov 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.9 | 148.6 | 88.239 % | £111,000 | £97,945 | £208,945 |
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 | 156.253 % | £173,440 | £284,440 |
| 3 Month Average | 35.387 % | £39,279 | £150,279 |
| 6 Month Average | 48.699 % | £54,055 | £165,055 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Feb 2023 | £199,866 | £200,000 | 9 TOWER COURT |
| 28 Jul 2022 | £193,521 | £193,000 | 14 SPRINGFIELD STREET |
| 26 Nov 2021 | £348,247 | £322,000 | 55 SOUTH ROAD |
| 30 Sep 2021 | £237,070 | £220,000 | 18 SPRINGFIELD STREET |
| 10 Sep 2021 | £127,156 | £118,000 | 22 TOWER COURT |
This house has a floor area of 52 sq meters or 566 sq feet when measured on 9 Apr 2009. Using an estimated price of £208,946 means this house is valued at £3,972 per sq meter (£369 per sq foot).
The average size of a house on TOWER COURT is 56 sq meters (603 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Springfield Street |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Springfield Street |