£137,172
This estimated value is based upon the latest sale price for the house of £36,000 on 5 May 2000. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £36,000 | 5 May 2000 |
| Terraced |
| Freehold |
| Floor Area: 145 sq meters or 1,560 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 2000 the House Price Index for LANCASHIRE was 39.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 281.036%.Applying this 281.036% change to the original purchase price of £36,000 results in an estimated price of approximately £137,172.
| 5 May 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.3 | 149.7 | 281.036 % | £36,000 | £101,172 | £137,172 |
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 | 307.383 % | £110,657 | £146,657 |
| 3 Month Average | 340.211 % | £122,475 | £158,475 |
| 6 Month Average | 272.546 % | £98,116 | £134,116 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Mar 2024 | £192,965 | £190,000 | 34 WELLHOUSE ROAD |
| 23 Nov 2023 | £225,730 | £220,000 | 36 WELLHOUSE SQUARE |
| 27 Oct 2023 | £148,370 | £145,000 | 24 WELLHOUSE ROAD |
| 24 Aug 2023 | £93,690 | £92,000 | 3 EAST PARADE |
| 12 Aug 2022 | £142,667 | £142,000 | 21 WELLHOUSE ROAD |
This house has a floor area of 145 sq meters or 1,560 sq feet when measured on 25 Nov 2014. Using an estimated price of £137,173 means this house is valued at £946 per sq meter (£87 per sq foot).
The average size of a house on EAST PARADE is 137 sq meters (1,484 sq feet).
This house is the largest in the street with a floor area of 145 sq meters (1,560 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lower East Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wellhouse Square |