£1,020,887
This estimated value is based upon the latest sale price for the house of £170,000 on 3 Oct 2023. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £170,000 | 3 Oct 2023 |
| £142,000 | 5 Oct 2021 |
| £69,000 | 29 Oct 2012 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 October 2023 the House Price Index for LANCASHIRE was 24.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 500.522%.Applying this 500.522% change to the original purchase price of £170,000 results in an estimated price of approximately £1,020,887.
| 3 Oct 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 146.7 | 500.522 % | £170,000 | £850,887 | £1,020,887 |
The Postcode Pricing Model uses changes in average sales price within the LA4 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 | 15.449 % | £26,264 | £196,264 |
| 3 Month Average | -27.094 % | £-46,059 | £123,940 |
| 6 Month Average | -7.264 % | £-12,349 | £157,650 |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 11 Sep 2012.
The average size of a house on LAKE AVENUE is 102 sq meters (1,104 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lake Avenue |
| Feb 2024 | Anti-social behaviour | On or near Lake Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Lake Avenue | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Albert Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Scott Grove |