£111,993
This estimated value is based upon the latest sale price for the house of £85,000 on 11 Nov 2016. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £85,000 | 11 Nov 2016 |
| £103,000 | 2 Mar 2011 |
| Terraced |
| Leasehold |
| Floor Area: 81 sq meters or 871 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 2016 the House Price Index for LANCASHIRE was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £85,000 results in an estimated price of approximately £111,993.
| 11 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £85,000 | £26,993 | £111,993 |
The Postcode Pricing Model uses changes in average sales price within the BB4 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 | 40.764 % | £34,649 | £119,649 |
| 3 Month Average | 37.078 % | £31,516 | £116,516 |
| 6 Month Average | 36.509 % | £31,033 | £116,033 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £192,461 | £190,000 | 1320 BURNLEY ROAD |
| 24 Aug 2023 | £105,927 | £105,000 | 1296 BURNLEY ROAD |
| 17 Jul 2023 | £532,162 | £525,000 | LANESIDE BARN GOODSHAW LANE |
| 28 Apr 2023 | £141,524 | £140,000 | 1071 BURNLEY ROAD |
| 6 Apr 2023 | £166,796 | £165,000 | 1267 BURNLEY ROAD |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 29 Jan 2016. Using an estimated price of £111,994 means this house is valued at £1,382 per sq meter (£128 per sq foot).
The average size of a house on BURNLEY ROAD is 106 sq meters (1,146 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Park/Open Space | |
| Jan 2024 | Anti-social behaviour | On or near Park/Open Space | |
| Jan 2024 | Anti-social behaviour | On or near Park/Open Space | |
| Dec 2023 | Anti-social behaviour | On or near Park/Open Space | |
| Dec 2023 | Anti-social behaviour | On or near Park/Open Space |