£36,915
This estimated value is based upon the latest sale price for the house of £36,250 on 24 Aug 2023. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £36,250 | 24 Aug 2023 |
| £19,000 | 19 May 2004 |
| £12,000 | 16 Apr 2004 |
| £12,000 | 8 Feb 2001 |
| £8,000 | 28 Jul 1997 |
| £6,000 | 22 Feb 1997 |
| Terraced |
| Leasehold |
| Floor Area: 78 sq meters or 839 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 August 2023 the House Price Index for LANCASHIRE was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £36,250 results in an estimated price of approximately £36,915.
| 24 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £36,250 | £665 | £36,915 |
The Postcode Pricing Model uses changes in average sales price within the BB11 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 | 42.353 % | £15,352 | £51,602 |
| 3 Month Average | 23.810 % | £8,631 | £44,881 |
| 6 Month Average | 6.833 % | £2,476 | £38,726 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £30,951 | £30,000 | 40 GRANGE STREET |
| 6 Oct 2023 | £39,906 | £39,000 | 25 GRANGE STREET |
| 27 Sep 2023 | £46,014 | £45,000 | 7 GRANGE STREET |
| 11 Sep 2023 | £76,691 | £75,000 | 38 RAGLAN ROAD |
| 24 Aug 2023 | £36,916 | £36,250 | 18 RAGLAN ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 19 Feb 2020. Using an estimated price of £36,916 means this house is valued at £473 per sq meter (£43 per sq foot).
The average size of a house on RAGLAN ROAD is 82 sq meters (884 sq feet).