£258,970
This estimated value is based upon the latest sale price for the house of £75,000 on 31 May 2001. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£75,000 | 31 May 2001 |
Semi-Detached |
Freehold |
Floor Area: 97 sq meters or 1,044 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 May 2001 the House Price Index for LANCASHIRE was 43.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 245.295%.Applying this 245.295% change to the original purchase price of £75,000 results in an estimated price of approximately £258,970.
31 May 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
43.4 | 149.7 | 245.295 % | £75,000 | £183,970 | £258,970 |
The Postcode Pricing Model uses changes in average sales price within the FY3 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 | 197.703 % | £148,277 | £223,277 |
3 Month Average | 179.149 % | £134,361 | £209,361 |
6 Month Average | 178.202 % | £133,651 | £208,651 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Oct 2023 | £386,273 | £377,500 | 33 BENEDICT DRIVE |
21 Sep 2023 | £132,930 | £130,000 | 44 NORMOSS ROAD |
23 Jun 2023 | £181,130 | £177,500 | 16 SOUTHFIELD DRIVE |
2 Mar 2023 | £201,871 | £198,500 | 6 NORMOSS ROAD |
20 Aug 2021 | £176,167 | £156,750 | 44 BENEDICT DRIVE |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 5 Jul 2012. Using an estimated price of £258,971 means this house is valued at £2,669 per sq meter (£248 per sq foot).
The average size of a house on SOUTHFIELD DRIVE is 87 sq meters (937 sq feet).