£185,067
This estimated value is based upon the latest sale price for the house of £52,500 on 16 Mar 2001. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £52,500 | 16 Mar 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 2001 the House Price Index for LANCASHIRE was 42.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 252.510%.Applying this 252.510% change to the original purchase price of £52,500 results in an estimated price of approximately £185,067.
| 16 Mar 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.5 | 149.7 | 252.510 % | £52,500 | £132,567 | £185,067 |
The Postcode Pricing Model uses changes in average sales price within the BB12 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 | 311.480 % | £163,527 | £216,027 |
| 3 Month Average | 264.926 % | £139,085 | £191,585 |
| 6 Month Average | 252.144 % | £132,375 | £184,875 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Apr 2024 | £186,621 | £185,000 | 25 BAMBURGH DRIVE |
| 1 Dec 2023 | £185,706 | £180,000 | 35 BERWICK DRIVE |
| 2 Nov 2023 | £256,511 | £250,000 | 18 LINDISFARNE CLOSE |
| 29 Sep 2023 | £204,508 | £200,000 | 12 NORHAM CLOSE |
| 19 Jun 2023 | £173,476 | £170,000 | 19 BERWICK DRIVE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 23 Sep 2014. Using an estimated price of £185,068 means this house is valued at £3,084 per sq meter (£286 per sq foot).
The average size of a house on BERWICK DRIVE is 78 sq meters (845 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Moorings |