£245,766
This estimated value is based upon the latest sale price for the house of £168,000 on 24 Jun 2015. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£168,000 | 24 Jun 2015 |
Detached |
Freehold |
Floor Area: 135 sq meters or 1,453 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 June 2015 the House Price Index for LANCASHIRE was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £168,000 results in an estimated price of approximately £245,766.
24 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
102.3 | 149.7 | 46.290 % | £168,000 | £77,766 | £245,766 |
The Postcode Pricing Model uses changes in average sales price within the OL13 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 | 41.428 % | £69,598 | £237,598 |
3 Month Average | 67.474 % | £113,356 | £281,356 |
6 Month Average | 45.101 % | £75,769 | £243,769 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Apr 2024 | £1,462,702 | £1,450,000 | UNIT 1 PIPPIN BANK |
27 Mar 2024 | £248,823 | £245,000 | 9 THE SQUARE |
12 Oct 2023 | £178,555 | £174,500 | 25 BANKSIDE LANE |
24 Jun 2022 | £214,587 | £210,000 | 81 BANKSIDE LANE |
6 Jun 2022 | £439,392 | £430,000 | 107 BANKSIDE LANE |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 1 Aug 2014. Using an estimated price of £245,767 means this house is valued at £1,820 per sq meter (£169 per sq foot).
The average size of a house on BANKSIDE LANE is 125 sq meters (1,345 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Other theft | Under investigation | On or near Bankside Lane |
Jul 2024 | Violence and sexual offences | Awaiting court outcome | On or near Bankside Lane |