£59,055
This estimated value is based upon the latest sale price for the house of £35,000 on 23 Mar 2012. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £35,000 | 23 Mar 2012 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 768 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 March 2012 the House Price Index for LANCASHIRE was 86.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.731%.Applying this 68.731% change to the original purchase price of £35,000 results in an estimated price of approximately £59,055.
| 23 Mar 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.9 | 146.7 | 68.731 % | £35,000 | £24,055 | £59,055 |
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 | 44.956 % | £15,734 | £50,734 |
| 3 Month Average | 26.386 % | £9,235 | £44,235 |
| 6 Month Average | 33.033 % | £11,561 | £46,561 |
This house has a floor area of 71 sq meters or 768 sq feet when measured on 26 Jan 2012.
The average size of a house on VENICE AVENUE is 80 sq meters (870 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cornel Grove |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Heather Bank |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Heather Bank |