£288,224
This estimated value is based upon the latest sale price for the house of £230,000 on 8 Jun 2018. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £230,000 | 8 Jun 2018 |
| £245,000 | 15 Dec 2017 |
| £175,000 | 17 Dec 2010 |
| £67,950 | 7 Nov 1996 |
| Detached |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 June 2018 the House Price Index for LANCASHIRE was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £230,000 results in an estimated price of approximately £288,224.
| 8 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £230,000 | £58,224 | £288,224 |
The Postcode Pricing Model uses changes in average sales price within the PR2 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 | 13.258 % | £30,492 | £260,492 |
| 3 Month Average | 38.047 % | £87,509 | £317,509 |
| 6 Month Average | 32.050 % | £73,714 | £303,714 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Aug 2022 | £231,081 | £230,000 | 14 THE HILLS |
| 28 Feb 2022 | £237,703 | £225,000 | 2 JEFFREY HILL CLOSE |
| 16 Aug 2021 | £298,950 | £266,000 | 8 PENDLE HILL CLOSE |
| 9 Jul 2021 | £205,042 | £177,100 | 28 THE HILLS |
| 9 Jul 2021 | £453,847 | £392,000 | SOUTHWORTH HOUSE LONGRIDGE ROAD |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 6 Nov 2017. Using an estimated price of £288,225 means this house is valued at £2,668 per sq meter (£247 per sq foot).
There is one other house on the street which we know the size of, this is 8 PENDLE HILL CLOSE it is 120.6
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Preston Road | |
| Apr 2024 | Anti-social behaviour | On or near Preston Road | |
| Apr 2024 | Anti-social behaviour | On or near Preston Road | |
| Apr 2024 | Anti-social behaviour | On or near Preston Road | |
| Jul 2024 | Anti-social behaviour | On or near Rough Hey Road |