£108,144
This estimated value is based upon the latest sale price for the house of £86,000 on 16 Apr 2018. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £86,000 | 16 Apr 2018 |
| £47,000 | 10 Mar 2003 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 April 2018 the House Price Index for LANCASHIRE was 119.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.749%.Applying this 25.749% change to the original purchase price of £86,000 results in an estimated price of approximately £108,144.
| 16 Apr 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 149.7 | 25.749 % | £86,000 | £22,144 | £108,144 |
The Postcode Pricing Model uses changes in average sales price within the BB18 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 | 117.455 % | £101,010 | £187,010 |
| 3 Month Average | 45.656 % | £39,264 | £125,264 |
| 6 Month Average | 29.285 % | £25,185 | £111,185 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £156,472 | £152,500 | 4 EDWARD STREET |
| 20 Oct 2023 | £107,440 | £105,000 | 32 VALLEY ROAD |
| 24 Aug 2023 | £93,690 | £92,000 | 3 EAST PARADE |
| 24 Mar 2023 | £97,122 | £95,500 | 22 VALLEY ROAD |
| 22 Mar 2023 | £414,421 | £407,500 | UNIT 4 RAVENSCROFT WAY |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 3 Aug 2017. Using an estimated price of £108,144 means this house is valued at £1,335 per sq meter (£124 per sq foot).
The average size of a house on BANKFIELD TERRACE is 124 sq meters (1,340 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Crownest Road |
| Jun 2024 | Shoplifting | Unable to prosecute suspect | On or near Petrol Station |
| Jun 2024 | Shoplifting | Unable to prosecute suspect | On or near Petrol Station |
| May 2024 | Shoplifting | Under investigation | On or near Petrol Station |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |