£305,724
This estimated value is based upon the latest sale price for the house of £190,000 on 21 Jan 2014. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
There has been one burglary within the last year on or near Reedley Drive
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| Price Paid | Date |
|---|---|
| £190,000 | 21 Jan 2014 |
| £114,000 | 15 Jul 1998 |
| Detached |
| Freehold |
| Floor Area: 165 sq meters or 1,776 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 January 2014 the House Price Index for LANCASHIRE was 93.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.908%.Applying this 60.908% change to the original purchase price of £190,000 results in an estimated price of approximately £305,724.
| 21 Jan 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 149.7 | 60.908 % | £190,000 | £115,724 | £305,724 |
The Postcode Pricing Model uses changes in average sales price within the BB10 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 | 24.389 % | £46,338 | £236,338 |
| 3 Month Average | 20.606 % | £39,151 | £229,151 |
| 6 Month Average | 25.699 % | £48,827 | £238,827 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £353,986 | £345,000 | 4 ESKDALE CLOSE |
| 10 Nov 2023 | £302,683 | £295,000 | 62 REEDLEY DRIVE |
| 19 Sep 2023 | £184,057 | £180,000 | 3 BORROWDALE CLOSE |
| 14 Aug 2023 | £330,969 | £325,000 | 49 REEDLEY DRIVE |
| 2 Jun 2023 | £193,885 | £190,000 | 68 FAIRFIELD DRIVE |
This house has a floor area of 165 sq meters or 1,776 sq feet when measured on 27 Feb 2016. Using an estimated price of £305,725 means this house is valued at £1,852 per sq meter (£172 per sq foot).
The average size of a house on BORROWDALE DRIVE is 177 sq meters (1,908 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Awaiting court outcome | On or near Reedley Drive |
| Aug 2024 | Other crime | Action to be taken by another organisation | On or near Reedley Drive |
| Jul 2024 | Anti-social behaviour | On or near Reedley Drive | |
| Jul 2024 | Anti-social behaviour | On or near Reedley Drive | |
| Jul 2024 | Anti-social behaviour | On or near Reedley Drive |