£84,771
This estimated value is based upon the latest sale price for the house of £85,000 on 5 Aug 2022. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £85,000 | 5 Aug 2022 |
| £57,000 | 7 Jul 2005 |
| Terraced |
| Leasehold |
| Floor Area: 116 sq meters or 1,248 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 August 2022 the House Price Index for LANCASHIRE was 149.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.268%.Applying this -0.268% change to the original purchase price of £85,000 results in an estimated price of approximately £84,771.
| 5 Aug 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.6 | -0.268 % | £85,000 | £-228 | £84,771 |
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 | 10.561 % | £8,976 | £93,976 |
| 3 Month Average | -15.976 % | £-13,579 | £71,420 |
| 6 Month Average | -1.275 % | £-1,083 | £83,916 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Aug 2022 | £84,772 | £85,000 | 126 RICHMOND ROAD |
| 17 Jun 2022 | £116,648 | £115,000 | 146 FIFE STREET |
| 25 Feb 2022 | £70,787 | £67,500 | 25 PRIMROSE STREET |
| 18 Nov 2021 | £66,513 | £61,500 | 54 PRIMROSE STREET |
| 10 Sep 2021 | £60,884 | £56,500 | 40 PRIMROSE STREET |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 20 Feb 2015. Using an estimated price of £84,772 means this house is valued at £730 per sq meter (£67 per sq foot).
The average size of a house on RICHMOND ROAD is 86 sq meters (927 sq feet).