£274,125
This estimated value is based upon the latest sale price for the house of £176,000 on 15 May 2014. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £176,000 | 15 May 2014 |
| £101,950 | 18 Sep 1998 |
| Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,107 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 May 2014 the House Price Index for LANCASHIRE was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £176,000 results in an estimated price of approximately £274,125.
| 15 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £176,000 | £98,125 | £274,125 |
The Postcode Pricing Model uses changes in average sales price within the LA3 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 | 32.280 % | £56,812 | £232,812 |
| 3 Month Average | 60.234 % | £106,012 | £282,012 |
| 6 Month Average | 56.543 % | £99,515 | £275,515 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £207,747 | £204,000 | 22 LUNE DRIVE |
| 16 Aug 2022 | £318,489 | £317,000 | 11 HYNDBURN CLOSE |
| 30 Jun 2022 | £235,024 | £230,000 | 5 HODDER AVENUE |
| 22 Apr 2022 | £160,800 | £155,000 | 16 WYRE CLOSE |
| 15 Mar 2022 | £227,055 | £217,500 | 19 HODDER AVENUE |
This house has a floor area of 102 sq meters or 1,107 sq feet when measured on 18 Aug 2009. Using an estimated price of £274,126 means this house is valued at £2,664 per sq meter (£247 per sq foot).
The average size of a house on HYNDBURN CLOSE is 146 sq meters (1,571 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Kent Way |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kent Way |