£279,051
This estimated value is based upon the latest sale price for the house of £178,000 on 14 Mar 2014. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£178,000 | 14 Mar 2014 |
£210,000 | 1 Aug 2007 |
Detached |
Leasehold |
Floor Area: 55 sq meters or 592 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 2014 the House Price Index for LANCASHIRE was 94.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 56.771%.Applying this 56.771% change to the original purchase price of £178,000 results in an estimated price of approximately £279,051.
14 Mar 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.4 | 148.0 | 56.771 % | £178,000 | £101,051 | £279,051 |
The Postcode Pricing Model uses changes in average sales price within the L39 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 | 62.047 % | £110,443 | £288,443 |
3 Month Average | 42.660 % | £75,935 | £253,935 |
6 Month Average | 45.761 % | £81,454 | £259,454 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Mar 2024 | £230,780 | £230,000 | APARTMENT 15 CRAMLINGTON HOUSE GRAMMAR SCHOOL GARDENS |
10 Feb 2023 | £223,891 | £224,950 | 17 MEADOW BANK |
15 Aug 2022 | £322,819 | £325,000 | 9 GRAMMAR SCHOOL GARDENS |
24 Mar 2022 | £319,944 | £310,000 | 9 WILLOW GREEN |
12 Nov 2021 | £88,326 | £82,000 | 37 GRAMMAR SCHOOL GARDENS |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 25 Jun 2013. Using an estimated price of £279,052 means this house is valued at £5,073 per sq meter (£471 per sq foot).
The average size of a house on GRAMMAR SCHOOL GARDENS is 81 sq meters (873 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Meadow Bank |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Meadow Bank |
Jan 2024 | Anti-social behaviour | On or near Millers Court | |
Jan 2024 | Anti-social behaviour | On or near Millers Court | |
Jan 2024 | Anti-social behaviour | On or near Millers Court |