£361,437
This estimated value is based upon the latest sale price for the house of £255,000 on 20 Oct 2015. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £255,000 | 20 Oct 2015 |
| Terraced |
| Freehold |
| Floor Area: 170 sq meters or 1,829 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 2015 the House Price Index for LANCASHIRE was 105.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 41.740%.Applying this 41.740% change to the original purchase price of £255,000 results in an estimated price of approximately £361,437.
| 20 Oct 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 149.7 | 41.740 % | £255,000 | £106,437 | £361,437 |
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 | 0.577 % | £1,470 | £256,470 |
| 3 Month Average | 30.300 % | £77,264 | £332,264 |
| 6 Month Average | 33.407 % | £85,187 | £340,187 |
| 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 |
| 9 Jun 2023 | £101,535 | £99,500 | 24 LOWERGATE |
| 9 Jun 2023 | £122,454 | £120,000 | 2 BOWLAND COURT |
| 31 Mar 2023 | £106,783 | £105,000 | 4A BACK YORK STREET |
This house has a floor area of 170 sq meters or 1,829 sq feet when measured on 30 Apr 2015. Using an estimated price of £361,438 means this house is valued at £2,126 per sq meter (£197 per sq foot).
The average size of a house on WELLGATE is 293 sq meters (3,160 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 |