£73,974
This estimated value is based upon the latest sale price for the house of £40,000 on 9 May 2005. This value is then adjusted by the current Official House Price Index for BLACKBURN WITH DARWEN 1
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Price Paid | Date |
---|---|
£40,000 | 9 May 2005 |
Terraced |
Freehold |
Floor Area: 83 sq meters or 893 sq feet |
This model uses changes in the Official Land Registry House Price Index for BLACKBURN WITH DARWEN to estimate the market value.
When this house was purchased in May 2005 the House Price Index for BLACKBURN WITH DARWEN was 80.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.936%.Applying this 84.936% change to the original purchase price of £40,000 results in an estimated price of approximately £73,974.
9 May 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
80.4 | 148.6 | 84.936 % | £40,000 | £33,974 | £73,974 |
The Postcode Pricing Model uses changes in average sales price within the BB3 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 | 61.442 % | £24,576 | £64,576 |
3 Month Average | 58.193 % | £23,277 | £63,277 |
6 Month Average | 63.740 % | £25,496 | £65,496 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Jun 2023 | £75,869 | £74,950 | 9 DEARDEN COURT |
29 Jun 2022 | £104,476 | £103,000 | 20 LAUREL AVENUE |
28 Jun 2022 | £74,046 | £73,000 | 7 PAINTER COURT |
21 Jun 2022 | £84,697 | £83,500 | 16 LAUREL AVENUE |
18 Feb 2022 | £66,068 | £63,000 | 4 DEARDEN COURT |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 19 Jun 2019. Using an estimated price of £73,974 means this house is valued at £891 per sq meter (£82 per sq foot).
The average size of a house on LAUREL AVENUE is 92 sq meters (993 sq feet).