£342,301
This estimated value is based upon the latest sale price for the house of £281,000 on 17 Jul 2020. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £281,000 | 17 Jul 2020 |
| £180,000 | 21 Mar 2014 |
| Detached |
| Freehold |
| Floor Area: 122 sq meters or 1,313 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 July 2020 the House Price Index for LANCASHIRE was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £281,000 results in an estimated price of approximately £342,301.
| 17 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 149.7 | 21.815 % | £281,000 | £61,301 | £342,301 |
The Postcode Pricing Model uses changes in average sales price within the PR7 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 | 89.232 % | £250,743 | £531,743 |
| 3 Month Average | 46.211 % | £129,851 | £410,851 |
| 6 Month Average | 26.273 % | £73,827 | £354,827 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Aug 2024 | £200,000 | £200,000 | 25 THE CEDARS |
| 8 Apr 2024 | £428,723 | £425,000 | 21 SEVENOAKS |
| 15 Sep 2023 | £388,566 | £380,000 | 2 STONYHURST |
| 23 Jan 2023 | £160,429 | £160,000 | 13 THE OAKS |
| 26 Aug 2022 | £329,039 | £327,500 | 22 BURGH MEADOWS |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 28 Nov 2019. Using an estimated price of £342,301 means this house is valued at £2,805 per sq meter (£260 per sq foot).
The average size of a house on BURGH MEADOWS is 125 sq meters (1,356 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Unable to prosecute suspect | On or near Cottage Fields |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cottage Fields |