£156,151
This estimated value is based upon the latest sale price for the house of £95,000 on 15 Jul 2008. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£95,000 | 15 Jul 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 31 sq meters or 333 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 July 2008 the House Price Index for LANCASHIRE was 90.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 64.370%.Applying this 64.370% change to the original purchase price of £95,000 results in an estimated price of approximately £156,151.
15 Jul 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
90.4 | 148.6 | 64.370 % | £95,000 | £61,151 | £156,151 |
The Postcode Pricing Model uses changes in average sales price within the FY7 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 | 16.280 % | £15,465 | £110,465 |
3 Month Average | 17.687 % | £16,802 | £111,802 |
6 Month Average | 27.332 % | £25,965 | £120,965 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Aug 2023 | £133,669 | £132,500 | 17 THE ESPLANADE |
1 Aug 2023 | £93,316 | £92,500 | 15 RHYL STREET |
7 Apr 2023 | £134,448 | £133,000 | 42 BOLD STREET |
3 Mar 2023 | £217,045 | £215,000 | 113 BOLD STREET |
12 Aug 2022 | £199,463 | £200,000 | 26 THE ESPLANADE |
This house has a floor area of 31 sq meters or 333 sq feet when measured on 28 Nov 2018. Using an estimated price of £156,151 means this house is valued at £5,037 per sq meter (£467 per sq foot).
The average size of a house on BALMORAL TERRACE is 112 sq meters (1,212 sq feet).