£226,272
This estimated value is based upon the latest sale price for the house of £169,950 on 26 Aug 2016. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £169,950 | 26 Aug 2016 |
| Terraced |
| Leasehold |
| Floor Area: 82 sq meters or 882 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 August 2016 the House Price Index for LANCASHIRE was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £169,950 results in an estimated price of approximately £226,272.
| 26 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £169,950 | £56,322 | £226,272 |
The Postcode Pricing Model uses changes in average sales price within the BB7 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 | 36.418 % | £61,892 | £231,842 |
| 3 Month Average | 52.386 % | £89,029 | £258,979 |
| 6 Month Average | 37.274 % | £63,346 | £233,296 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £167,023 | £165,000 | 25 WOONE LANE |
| 24 Aug 2022 | £259,302 | £260,000 | 20 ESHTON TERRACE |
| 10 Jun 2022 | £152,150 | £150,000 | 19 WILSON STREET |
| 21 Jan 2022 | £127,341 | £121,000 | 60 WOONE LANE |
| 4 Nov 2021 | £151,412 | £140,000 | 17 WILSON STREET |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 23 May 2016. Using an estimated price of £226,273 means this house is valued at £2,759 per sq meter (£256 per sq foot).
The average size of a house on WOONE LANE is 92 sq meters (1,000 sq feet).