£197,683
This estimated value is based upon the latest sale price for the house of £160,000 on 7 Nov 2019. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £160,000 | 7 Nov 2019 |
| £90,000 | 9 Oct 2018 |
| Terraced |
| Freehold |
| Floor Area: 141 sq meters or 1,517 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 2019 the House Price Index for LANCASHIRE was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £160,000 results in an estimated price of approximately £197,683.
| 7 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £160,000 | £37,683 | £197,683 |
The Postcode Pricing Model uses changes in average sales price within the LA5 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 | 64.954 % | £103,926 | £263,926 |
| 3 Month Average | 29.384 % | £47,014 | £207,014 |
| 6 Month Average | 15.111 % | £24,177 | £184,177 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jun 2024 | £140,000 | £140,000 | 9 HAWS HILL |
| 18 Apr 2024 | £141,226 | £140,000 | 41 HAWS HILL |
| 28 Mar 2024 | £178,238 | £175,500 | 24 LANCASTER ROAD |
| 22 Mar 2024 | £138,122 | £136,000 | 6 EDWARD STREET |
| 18 Dec 2023 | £149,597 | £145,000 | 16 NEW STREET |
This house has a floor area of 141 sq meters or 1,517 sq feet when measured on 11 Jul 2019. Using an estimated price of £197,684 means this house is valued at £1,402 per sq meter (£130 per sq foot).
The average size of a house on NEW STREET is 123 sq meters (1,327 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near New Street | |
| Aug 2024 | Anti-social behaviour | On or near New Street | |
| Sep 2024 | Shoplifting | Under investigation | On or near Ashtrees Way |
| Jul 2024 | Anti-social behaviour | On or near Ashtrees Way | |
| Jul 2024 | Anti-social behaviour | On or near Ashtrees Way |