£138,324
This estimated value is based upon the latest sale price for the house of £110,000 on 4 Apr 2018. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£110,000 | 4 Apr 2018 |
£93,000 | 27 Nov 2012 |
Terraced |
Freehold |
Floor Area: 136 sq meters or 1,463 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 April 2018 the House Price Index for LANCASHIRE was 119.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.749%.Applying this 25.749% change to the original purchase price of £110,000 results in an estimated price of approximately £138,324.
4 Apr 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.0 | 149.7 | 25.749 % | £110,000 | £28,324 | £138,324 |
The Postcode Pricing Model uses changes in average sales price within the BB18 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 | 52.466 % | £57,712 | £167,712 |
3 Month Average | 45.084 % | £49,592 | £159,592 |
6 Month Average | 30.574 % | £33,630 | £143,630 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 May 2024 | £93,500 | £93,500 | 14 BANK STREET |
19 Mar 2024 | £95,467 | £94,000 | 16 STUART STREET |
20 Oct 2023 | £107,440 | £105,000 | 32 VALLEY ROAD |
16 Oct 2023 | £133,021 | £130,000 | 19 CRAVEN STREET |
24 Mar 2023 | £97,122 | £95,500 | 22 VALLEY ROAD |
This house has a floor area of 136 sq meters or 1,463 sq feet when measured on 7 Jun 2012. Using an estimated price of £138,324 means this house is valued at £1,017 per sq meter (£94 per sq foot).
The average size of a house on VALLEY ROAD is 112 sq meters (1,211 sq feet).