£236,353
This estimated value is based upon the latest sale price for the house of £200,000 on 2 Oct 2020. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£200,000 | 2 Oct 2020 |
Freehold |
Floor Area: 175 sq meters or 1,883 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 2020 the House Price Index for LANCASHIRE was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £200,000 results in an estimated price of approximately £236,353.
2 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
126.7 | 149.7 | 18.177 % | £200,000 | £36,353 | £236,353 |
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 | -20.124 % | £-40,247 | £159,752 |
3 Month Average | 16.038 % | £32,075 | £232,075 |
6 Month Average | 18.390 % | £36,779 | £236,779 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Nov 2023 | £183,867 | £179,200 | 7 HIGHFIELD ROAD |
17 Nov 2023 | £97,474 | £95,000 | 10 MOOR LANE |
25 Sep 2023 | £276,086 | £270,000 | 32 - 36 MOOR LANE |
18 Aug 2023 | £234,224 | £230,000 | 33 HIGHFIELD ROAD |
9 Aug 2023 | £157,847 | £155,000 | 21 MOOR LANE |
This house has a floor area of 175 sq meters or 1,883 sq feet when measured on 13 Aug 2019. Using an estimated price of £236,353 means this house is valued at £1,350 per sq meter (£125 per sq foot).
The average size of a house on MOOR LANE is 93 sq meters (1,009 sq feet).
This house is the largest in the street with a floor area of 175 sq meters (1,883 sq feet).