£182,666
This estimated value is based upon the latest sale price for the house of £45,000 on 22 Dec 1999. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
There has been one burglary within the last year on or near Romney Avenue
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| Price Paid | Date |
|---|---|
| £45,000 | 22 Dec 1999 |
| Terraced |
| Leasehold |
| Floor Area: 95 sq meters or 1,022 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 1999 the House Price Index for LANCASHIRE was 36.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 305.926%.Applying this 305.926% change to the original purchase price of £45,000 results in an estimated price of approximately £182,666.
| 22 Dec 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 36.9 | 149.7 | 305.926 % | £45,000 | £137,666 | £182,666 |
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 | 128.248 % | £57,711 | £102,711 |
| 3 Month Average | 105.411 % | £47,434 | £92,434 |
| 6 Month Average | 111.121 % | £50,004 | £95,004 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Sep 2024 | £320,000 | £320,000 | 2B RAEBURN AVENUE |
| 15 Dec 2023 | £103,119 | £99,950 | 7 REYNOLDS STREET |
| 17 Nov 2023 | £133,386 | £130,000 | 224 MANCHESTER ROAD |
| 22 Sep 2023 | £173,832 | £170,000 | ROSE & CROWN HOTEL MANCHESTER ROAD |
| 6 Apr 2023 | £163,050 | £160,000 | 210 MANCHESTER ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 16 Oct 2018. Using an estimated price of £182,667 means this house is valued at £1,922 per sq meter (£178 per sq foot).
The average size of a house on MANCHESTER ROAD is 95 sq meters (1,029 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Shoplifting | Unable to prosecute suspect | On or near Romney Avenue |
| Sep 2024 | Anti-social behaviour | On or near Romney Avenue | |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Romney Avenue |
| Jun 2024 | Anti-social behaviour | On or near Romney Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Romney Avenue |