£28,900
This estimated value is based upon the latest sale price for the house of £15,000 on 19 Aug 2004. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £15,000 | 19 Aug 2004 |
| Terraced |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 August 2004 the House Price Index for LANCASHIRE was 77.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 92.673%.Applying this 92.673% change to the original purchase price of £15,000 results in an estimated price of approximately £28,900.
| 19 Aug 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 148.6 | 92.673 % | £15,000 | £13,900 | £28,900 |
The Postcode Pricing Model uses changes in average sales price within the BB11 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 | 66.310 % | £9,946 | £24,946 |
| 3 Month Average | 151.004 % | £22,650 | £37,650 |
| 6 Month Average | 184.497 % | £27,674 | £42,674 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £46,000 | £46,000 | 8 WESTMORLAND STREET |
| 2 Nov 2023 | £47,706 | £47,000 | 39 COAL CLOUGH LANE |
| 28 Sep 2023 | £49,635 | £49,000 | 46 ACCRINGTON ROAD |
| 6 Sep 2023 | £25,324 | £25,000 | 25 COAL CLOUGH LANE |
| 31 Aug 2023 | £110,012 | £109,050 | 55 ACCRINGTON ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 23 Jan 2017. Using an estimated price of £28,901 means this house is valued at £525 per sq meter (£48 per sq foot).
The average size of a house on ACCRINGTON ROAD is 83 sq meters (893 sq feet).