£162,295
This estimated value is based upon the latest sale price for the house of £47,500 on 8 Jun 2001. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £47,500 | 8 Jun 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 2001 the House Price Index for LANCASHIRE was 43.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 241.675%.Applying this 241.675% change to the original purchase price of £47,500 results in an estimated price of approximately £162,295.
| 8 Jun 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.8 | 149.7 | 241.675 % | £47,500 | £114,795 | £162,295 |
The Postcode Pricing Model uses changes in average sales price within the BB7 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 | 132.815 % | £63,086 | £110,586 |
| 3 Month Average | 224.687 % | £106,726 | £154,226 |
| 6 Month Average | 243.729 % | £115,771 | £163,271 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £152,341 | £150,000 | 13 KING LANE |
| 14 Dec 2023 | £95,948 | £93,000 | 53 LOWERGATE |
| 20 Nov 2023 | £117,995 | £115,000 | 10 CANDLEMAKERS COURT |
| 9 Jun 2023 | £122,454 | £120,000 | 2 BOWLAND COURT |
| 9 Jun 2023 | £101,535 | £99,500 | 24 LOWERGATE |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 3 Dec 2019. Using an estimated price of £162,296 means this house is valued at £3,774 per sq meter (£350 per sq foot).
The average size of a house on CANDLEMAKERS COURT is 49 sq meters (527 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Wellgate | |
| Jun 2024 | Anti-social behaviour | On or near Wellgate | |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Wellgate |