£269,412
This estimated value is based upon the latest sale price for the house of £55,750 on 19 Dec 1997. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £55,750 | 19 Dec 1997 |
| Semi-Detached |
| Leasehold |
| Floor Area: 109 sq meters or 1,173 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 December 1997 the House Price Index for LANCASHIRE was 30.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 383.251%.Applying this 383.251% change to the original purchase price of £55,750 results in an estimated price of approximately £269,412.
| 19 Dec 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.4 | 146.7 | 383.251 % | £55,750 | £213,662 | £269,412 |
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 | 173.233 % | £96,577 | £152,327 |
| 3 Month Average | 173.931 % | £96,966 | £152,716 |
| 6 Month Average | 205.987 % | £114,837 | £170,587 |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 19 Dec 2015.
The average size of a house on NEWBY CLOSE is 104 sq meters (1,128 sq feet).
This house is the largest in the street with a floor area of 109 sq meters (1,173 sq feet).