£373,174
This estimated value is based upon the latest sale price for the house of £220,000 on 6 Aug 2012. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £220,000 | 6 Aug 2012 |
| £118,000 | 21 Feb 2003 |
| £77,500 | 20 Apr 2000 |
| Terraced |
| Leasehold |
| Floor Area: 170 sq meters or 1,829 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 August 2012 the House Price Index for LANCASHIRE was 87.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 69.625%.Applying this 69.625% change to the original purchase price of £220,000 results in an estimated price of approximately £373,174.
| 6 Aug 2012 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.0 | 69.625 % | £220,000 | £153,174 | £373,174 |
The Postcode Pricing Model uses changes in average sales price within the BB5 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 | 52.315 % | £115,092 | £335,092 |
| 3 Month Average | 40.519 % | £89,141 | £309,141 |
| 6 Month Average | 40.536 % | £89,178 | £309,178 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £241,468 | £240,000 | 5 HEANING AVENUE |
| 29 Apr 2022 | £186,154 | £181,500 | 261 BURNLEY ROAD |
| 4 Mar 2022 | £145,523 | £141,000 | 254 BURNLEY ROAD |
| 4 Mar 2022 | £197,127 | £191,000 | 275 BURNLEY ROAD |
| 9 Nov 2021 | £136,798 | £127,000 | 250 BURNLEY ROAD |
This house has a floor area of 170 sq meters or 1,829 sq feet when measured on 2 Sep 2016. Using an estimated price of £373,175 means this house is valued at £2,195 per sq meter (£203 per sq foot).
The average size of a house on BURNLEY ROAD is 109 sq meters (1,181 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near Heaning Avenue |
| Mar 2024 | Anti-social behaviour | On or near Heaning Avenue | |
| Mar 2024 | Anti-social behaviour | On or near Heaning Avenue | |
| Mar 2024 | Anti-social behaviour | On or near Heaning Avenue | |
| Mar 2024 | Anti-social behaviour | On or near Heaning Avenue |