£64,925
This estimated value is based upon the latest sale price for the house of £62,000 on 5 Feb 2024. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £62,000 | 5 Feb 2024 |
| £60,000 | 26 Oct 2012 |
| Terraced |
| Freehold |
| Floor Area: 144 sq meters or 1,550 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 February 2024 the House Price Index for LANCASHIRE was 97.5.
The House Price Index as of 1 Jan 2025 is 102.1 which is a change of 4.718%.Applying this 4.718% change to the original purchase price of £62,000 results in an estimated price of approximately £64,925.
| 5 Feb 2024 | 1 Jan 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.5 | 102.1 | 4.718 % | £62,000 | £2,925 | £64,925 |
The Postcode Pricing Model uses changes in average sales price within the WN8 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 | -5.240 % | £-3,248 | £58,751 |
| 3 Month Average | -26.626 % | £-16,508 | £45,491 |
| 6 Month Average | -6.309 % | £-3,911 | £58,088 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2024 | £106,732 | £106,000 | 180 BIRKRIG |
| 20 Nov 2024 | £52,618 | £52,000 | 167 BEARNCROFT |
| 20 Sep 2024 | £76,499 | £75,000 | 89 BEARNCROFT |
| 30 May 2024 | £93,944 | £91,000 | 186 BIRKRIG |
| 5 Feb 2024 | £64,925 | £62,000 | 38 BELFIELD |
This house has a floor area of 144 sq meters or 1,550 sq feet when measured on 15 Apr 2016. Using an estimated price of £64,925 means this house is valued at £450 per sq meter (£41 per sq foot).
The average size of a house on BELFIELD is 98 sq meters (1,064 sq feet).
This house is the largest in the street with a floor area of 144 sq meters (1,550 sq feet).