£170,150
This estimated value is based upon the latest sale price for the house of £109,000 on 14 Sep 2007. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £109,000 | 14 Sep 2007 |
| Terraced |
| Leasehold |
| Floor Area: 79 sq meters or 854 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 September 2007 the House Price Index for LANCASHIRE was 95.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.101%.Applying this 56.101% change to the original purchase price of £109,000 results in an estimated price of approximately £170,150.
| 14 Sep 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.2 | 148.6 | 56.101 % | £109,000 | £61,150 | £170,150 |
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 | 26.208 % | £28,566 | £137,566 |
| 3 Month Average | 41.259 % | £44,972 | £153,972 |
| 6 Month Average | 40.656 % | £44,315 | £153,315 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £590,329 | £580,000 | 12 PENNY LODGE LANE |
| 28 Apr 2023 | £141,524 | £140,000 | 1071 BURNLEY ROAD |
| 17 Feb 2023 | £189,822 | £189,950 | 8 COMMERCIAL STREET |
| 25 Nov 2022 | £167,965 | £170,000 | 19 COMMERCIAL STREET |
| 24 Aug 2022 | £319,141 | £320,000 | 4 RIVERBANK MEWS |
This house has a floor area of 79 sq meters or 854 sq feet when measured on 17 Feb 2010. Using an estimated price of £170,151 means this house is valued at £2,142 per sq meter (£199 per sq foot).
The average size of a house on COMMERCIAL STREET is 100 sq meters (1,084 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Penny Bank Close |
| Mar 2024 | Violence and sexual offences | Local resolution | On or near Commercial Street |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Commercial Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Penny Lodge Lane |
| Jan 2024 | Anti-social behaviour | On or near Park/Open Space |