£292,407
This estimated value is based upon the latest sale price for the house of £238,995 on 21 Feb 2020. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£238,995 | 21 Feb 2020 |
Detached |
Freehold |
Floor Area: 113 sq meters or 1,216 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 February 2020 the House Price Index for LANCASHIRE was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £238,995 results in an estimated price of approximately £292,407.
21 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 148.6 | 22.349 % | £238,995 | £53,412 | £292,407 |
The Postcode Pricing Model uses changes in average sales price within the BB12 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 | 24.088 % | £57,568 | £296,563 |
3 Month Average | -13.664 % | £-32,656 | £206,338 |
6 Month Average | -0.297 % | £-710 | £238,284 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jul 2023 | £223,001 | £220,000 | 76 KIDDROW LANE |
9 Jun 2023 | £141,717 | £140,000 | 68 CAERNARVON AVENUE |
5 Jun 2023 | £161,962 | £160,000 | 52 KIDDROW LANE |
31 Mar 2023 | £252,378 | £250,000 | 5 FOSTER DRIVE |
31 Mar 2023 | £656,182 | £650,000 | EAVES HALL REST HOME KIDDROW LANE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 12 Feb 2020. Using an estimated price of £292,408 means this house is valued at £2,587 per sq meter (£240 per sq foot).
The average size of a house on COLVIN WAY is 110 sq meters (1,192 sq feet).