£103,415
This estimated value is based upon the latest sale price for the house of £76,000 on 18 Mar 2016. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £76,000 | 18 Mar 2016 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 March 2016 the House Price Index for LANCASHIRE was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £76,000 results in an estimated price of approximately £103,415.
| 18 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £76,000 | £27,415 | £103,415 |
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 | 21.185 % | £16,100 | £92,100 |
| 3 Month Average | 26.643 % | £20,248 | £96,248 |
| 6 Month Average | 18.290 % | £13,900 | £89,900 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £57,889 | £57,000 | 2 RHYL STREET |
| 12 Oct 2023 | £184,183 | £180,000 | 17 WINDSOR PLACE |
| 14 Aug 2023 | £134,934 | £132,500 | 17 THE ESPLANADE |
| 1 Aug 2023 | £94,199 | £92,500 | 15 RHYL STREET |
| 7 Apr 2023 | £135,535 | £133,000 | 42 BOLD STREET |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 18 Nov 2015. Using an estimated price of £103,416 means this house is valued at £1,013 per sq meter (£94 per sq foot).
The average size of a house on BALMORAL TERRACE is 112 sq meters (1,212 sq feet).