£63,314
This estimated value is based upon the latest sale price for the house of £45,000 on 23 Oct 2015. This value is then adjusted by the current Official House Price Index for BLACKBURN WITH DARWEN 1
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| Price Paid | Date |
|---|---|
| £45,000 | 23 Oct 2015 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 sq feet |
This model uses changes in the Official Land Registry House Price Index for BLACKBURN WITH DARWEN to estimate the market value.
When this house was purchased in October 2015 the House Price Index for BLACKBURN WITH DARWEN was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £45,000 results in an estimated price of approximately £63,314.
| 23 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 148.6 | 40.699 % | £45,000 | £18,314 | £63,314 |
The Postcode Pricing Model uses changes in average sales price within the BB1 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 | 29.312 % | £13,190 | £58,190 |
| 3 Month Average | 35.926 % | £16,166 | £61,166 |
| 6 Month Average | 26.139 % | £11,762 | £56,762 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £76,127 | £75,000 | 92 OBAN DRIVE |
| 15 Nov 2023 | £91,352 | £90,000 | 279 ROTHESAY ROAD |
| 29 Mar 2023 | £121,141 | £120,000 | 78 OBAN DRIVE |
| 20 Feb 2023 | £127,414 | £127,500 | 110 ARRAN AVENUE |
| 7 Feb 2023 | £78,447 | £78,500 | 20 SKYE CRESCENT |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 18 Apr 2013. Using an estimated price of £63,314 means this house is valued at £781 per sq meter (£72 per sq foot).
The average size of a house on OBAN DRIVE is 84 sq meters (906 sq feet).