£147,089
This estimated value is based upon the latest sale price for the house of £119,000 on 20 Sep 2019. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £119,000 | 20 Sep 2019 |
| £125,000 | 27 Jul 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 88 sq meters or 947 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 September 2019 the House Price Index for LANCASHIRE was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £119,000 results in an estimated price of approximately £147,089.
| 20 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £119,000 | £28,089 | £147,089 |
The Postcode Pricing Model uses changes in average sales price within the LA4 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 | 27.420 % | £32,629 | £151,629 |
| 3 Month Average | 34.183 % | £40,678 | £159,678 |
| 6 Month Average | 35.797 % | £42,598 | £161,598 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 May 2024 | £103,000 | £103,000 | 34 EUSTON ROAD |
| 10 May 2024 | £210,000 | £210,000 | 262 MARINE ROAD CENTRAL |
| 27 Mar 2024 | £106,638 | £105,000 | 18 VICTORIA STREET |
| 25 Mar 2024 | £125,326 | £123,400 | 3 UNION STREET |
| 4 Mar 2024 | £38,085 | £37,500 | 4 NEW STREET |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 7 Mar 2018. Using an estimated price of £147,090 means this house is valued at £1,671 per sq meter (£155 per sq foot).
The average size of a house on MARINE ROAD CENTRAL is 127 sq meters (1,375 sq feet).