£136,433
This estimated value is based upon the latest sale price for the house of £56,950 on 17 Apr 2003. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £56,950 | 17 Apr 2003 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 April 2003 the House Price Index for LANCASHIRE was 62.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 139.568%.Applying this 139.568% change to the original purchase price of £56,950 results in an estimated price of approximately £136,433.
| 17 Apr 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 148.6 | 139.568 % | £56,950 | £79,483 | £136,433 |
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 | 87.733 % | £49,963 | £106,913 |
| 3 Month Average | 157.238 % | £89,546 | £146,496 |
| 6 Month Average | 167.451 % | £95,363 | £152,313 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £152,671 | £150,000 | 5 HILL VIEW |
| 5 Sep 2023 | £151,943 | £150,000 | 128 FALLBARN CRESCENT |
| 6 Mar 2023 | £135,274 | £134,000 | 7 CARR LANE |
| 22 Feb 2023 | £249,832 | £250,000 | 4 CARR MOUNT |
| 18 Jan 2023 | £97,043 | £97,500 | 11 CARR LANE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 26 Apr 2013. Using an estimated price of £136,434 means this house is valued at £1,684 per sq meter (£156 per sq foot).
The average size of a house on FALLBARN CRESCENT is 72 sq meters (778 sq feet).