£174,530
This estimated value is based upon the latest sale price for the house of £112,500 on 21 Nov 2007. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £112,500 | 21 Nov 2007 |
| £62,000 | 14 Sep 2005 |
| £45,000 | 31 Jan 2003 |
| £20,000 | 25 Nov 2002 |
| Terraced |
| Leasehold |
| Floor Area: 99 sq meters or 1,065 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 November 2007 the House Price Index for LANCASHIRE was 95.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.138%.Applying this 55.138% change to the original purchase price of £112,500 results in an estimated price of approximately £174,530.
| 21 Nov 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.8 | 148.6 | 55.138 % | £112,500 | £62,030 | £174,530 |
The Postcode Pricing Model uses changes in average sales price within the BB5 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 | 53.309 % | £59,972 | £172,472 |
| 3 Month Average | 10.958 % | £12,327 | £124,827 |
| 6 Month Average | 15.430 % | £17,359 | £129,859 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £65,977 | £65,000 | 18 LODGE STREET |
| 9 Aug 2023 | £63,556 | £63,000 | 115 STANLEY STREET |
| 22 Jun 2023 | £40,485 | £39,995 | 91 STANLEY STREET |
| 3 Apr 2023 | £65,707 | £65,000 | 54 STANLEY STREET |
| 31 Mar 2023 | £92,875 | £92,000 | 83 STANLEY STREET |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 4 Sep 2013. Using an estimated price of £174,531 means this house is valued at £1,762 per sq meter (£163 per sq foot).
The average size of a house on WATER STREET is 78 sq meters (844 sq feet).