£637,164
This estimated value is based upon the latest sale price for the house of £227,500 on 26 Jul 2002. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
There has been one burglary within the last year on or near New Lane
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| Price Paid | Date |
|---|---|
| £227,500 | 26 Jul 2002 |
| Semi-Detached |
| Freehold |
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 2002 the House Price Index for LANCASHIRE was 53.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 180.072%.Applying this 180.072% change to the original purchase price of £227,500 results in an estimated price of approximately £637,164.
| 26 Jul 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 53.1 | 148.6 | 180.072 % | £227,500 | £409,664 | £637,164 |
The Postcode Pricing Model uses changes in average sales price within the L40 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 | 95.456 % | £217,161 | £444,661 |
| 3 Month Average | 143.698 % | £326,913 | £554,413 |
| 6 Month Average | 166.376 % | £378,505 | £606,005 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £278,752 | £275,000 | 7 CRABTREE LANE |
| 31 Mar 2023 | £558,260 | £553,000 | 3 BRACKEN GARDENS |
| 28 Feb 2023 | £309,792 | £310,000 | 115 NEW LANE |
| 25 Nov 2022 | £266,769 | £270,000 | 25 CRABTREE LANE |
| 31 Oct 2022 | £803,350 | £812,000 | BROOKFIELD HOUSE ORRELL LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Awaiting court outcome | On or near New Lane |
| Jan 2024 | Burglary | Under investigation | On or near New Lane |
| Jan 2024 | Anti-social behaviour | On or near New Lane | |
| Jan 2024 | Anti-social behaviour | On or near New Lane | |
| Jan 2024 | Anti-social behaviour | On or near New Lane |