£48,260
This estimated value is based upon the latest sale price for the house of £38,000 on 1 Nov 2017. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £38,000 | 1 Nov 2017 |
| £70,000 | 5 Jun 2013 |
| £53,000 | 16 Mar 2011 |
| Terraced |
| Leasehold |
| Floor Area: 78 sq meters or 841 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 2017 the House Price Index for LANCASHIRE was 117.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.000%.Applying this 27.000% change to the original purchase price of £38,000 results in an estimated price of approximately £48,260.
| 1 Nov 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 149.7 | 27.000 % | £38,000 | £10,260 | £48,260 |
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 | 30.470 % | £11,578 | £49,578 |
| 3 Month Average | 34.444 % | £13,088 | £51,088 |
| 6 Month Average | 29.923 % | £11,370 | £49,370 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £41,042 | £40,000 | 8 PARK ROAD |
| 17 Oct 2023 | £68,557 | £67,000 | 52 MONK STREET |
| 8 Oct 2022 | £39,867 | £40,000 | 28 MONK STREET |
| 22 Jun 2022 | £121,599 | £119,000 | 322 BLACKBURN ROAD |
| 6 Apr 2022 | £86,105 | £82,999 | 30 MONK STREET |
This house has a floor area of 78 sq meters or 841 sq feet when measured on 16 Feb 2011. Using an estimated price of £48,260 means this house is valued at £617 per sq meter (£57 per sq foot).
The average size of a house on MONK STREET is 92 sq meters (995 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Monk Street |
| Jul 2024 | Anti-social behaviour | On or near Monk Street | |
| Jul 2024 | Drugs | Under investigation | On or near Park Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Park Road |
| Jul 2024 | Anti-social behaviour | On or near Park Road |