£61,763
This estimated value is based upon the latest sale price for the house of £50,000 on 13 Feb 2019. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£50,000 | 13 Feb 2019 |
£62,000 | 23 Jun 2017 |
£62,000 | 6 Oct 2008 |
£22,000 | 14 Jan 2004 |
Terraced |
Leasehold |
Floor Area: 145 sq meters or 1,560 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 February 2019 the House Price Index for LANCASHIRE was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £50,000 results in an estimated price of approximately £61,763.
13 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.527 % | £50,000 | £11,763 | £61,763 |
The Postcode Pricing Model uses changes in average sales price within the BB5 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 | 46.143 % | £23,071 | £73,071 |
3 Month Average | 37.914 % | £18,956 | £68,956 |
6 Month Average | 51.044 % | £25,521 | £75,521 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Sep 2023 | £40,518 | £40,000 | 8 HOPE STREET |
30 Aug 2023 | £75,662 | £75,000 | 63 RICHMOND HILL STREET |
21 Jun 2023 | £56,181 | £55,500 | 85 RICHMOND HILL STREET |
31 Mar 2023 | £102,970 | £102,000 | 91 RICHMOND HILL STREET |
13 Jul 2022 | £126,791 | £126,450 | 75 RICHMOND HILL STREET |
This house has a floor area of 145 sq meters or 1,560 sq feet when measured on 26 Jul 2014. Using an estimated price of £61,763 means this house is valued at £425 per sq meter (£39 per sq foot).
The average size of a house on MAJOR STREET is 88 sq meters (949 sq feet).
This house is the largest in the street with a floor area of 145 sq meters (1,560 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rose Street |
Feb 2024 | Violence and sexual offences | Local resolution | On or near Rose Street |
Feb 2024 | Anti-social behaviour | On or near Major Street | |
Feb 2024 | Anti-social behaviour | On or near Major Street |