£194,885
This estimated value is based upon the latest sale price for the house of £192,000 on 3 Nov 2023. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £192,000 | 3 Nov 2023 |
| £80,000 | 13 May 2004 |
| £61,500 | 12 Sep 2003 |
| Terraced |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 2023 the House Price Index for LANCASHIRE was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £192,000 results in an estimated price of approximately £194,885.
| 3 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £192,000 | £2,885 | £194,885 |
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 | -39.259 % | £-75,377 | £116,622 |
| 3 Month Average | -1.478 % | £-2,837 | £189,162 |
| 6 Month Average | -3.504 % | £-6,728 | £185,271 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £194,885 | £192,000 | 12 SPRING STREET |
| 25 Aug 2023 | £151,324 | £150,000 | 807 BURNLEY ROAD |
| 30 Aug 2022 | £169,544 | £170,000 | 772 BURNLEY ROAD |
| 8 Aug 2022 | £172,536 | £173,000 | 809 BURNLEY ROAD |
| 29 Jul 2022 | £175,472 | £175,000 | 774 BURNLEY ROAD |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 28 Jan 2020. Using an estimated price of £194,885 means this house is valued at £1,637 per sq meter (£152 per sq foot).
The average size of a house on SPRING STREET is 115 sq meters (1,244 sq feet).
This house is the largest in the street with a floor area of 119 sq meters (1,280 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spring Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Church Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Church Street |
| Mar 2024 | Anti-social behaviour | On or near Hawthorne Meadows | |
| Mar 2024 | Anti-social behaviour | On or near Hawthorne Meadows |