£42,045
This estimated value is based upon the latest sale price for the house of £36,000 on 18 Nov 2020. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £36,000 | 18 Nov 2020 |
| £20,000 | 29 Mar 2004 |
| £12,000 | 17 May 2000 |
| Terraced |
| Leasehold |
| Floor Area: 77 sq meters or 828 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 November 2020 the House Price Index for LANCASHIRE was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £36,000 results in an estimated price of approximately £42,045.
| 18 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £36,000 | £6,045 | £42,045 |
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 | 29.948 % | £10,781 | £46,781 |
| 3 Month Average | 44.911 % | £16,167 | £52,167 |
| 6 Month Average | 34.869 % | £12,552 | £48,552 |
| 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 77 sq meters or 828 sq feet when measured on 25 Aug 2021. Using an estimated price of £42,046 means this house is valued at £546 per sq meter (£50 per sq foot).
The average size of a house on RAGLAN ROAD is 82 sq meters (884 sq feet).