£76,640
This estimated value is based upon the latest sale price for the house of £45,000 on 31 Aug 2012. This value is then adjusted by the current Official House Price Index for BLACKPOOL 1
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| Price Paid | Date |
|---|---|
| £45,000 | 31 Aug 2012 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 sq feet |
This model uses changes in the Official Land Registry House Price Index for BLACKPOOL to estimate the market value.
When this house was purchased in August 2012 the House Price Index for BLACKPOOL was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.312%.Applying this 70.312% change to the original purchase price of £45,000 results in an estimated price of approximately £76,640.
| 31 Aug 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.312 % | £45,000 | £31,640 | £76,640 |
The Postcode Pricing Model uses changes in average sales price within the FY1 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 | 34.556 % | £15,550 | £60,550 |
| 3 Month Average | 22.375 % | £10,068 | £55,068 |
| 6 Month Average | 36.698 % | £16,514 | £61,514 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £64,122 | £63,000 | 32 RIBBLE ROAD |
| 9 Nov 2023 | £68,007 | £67,000 | 59 BELMONT AVENUE |
| 25 Aug 2023 | £80,656 | £79,950 | 29 BELMONT AVENUE |
| 14 Jul 2023 | £65,887 | £65,000 | 59 RIBBLE ROAD |
| 17 Mar 2023 | £79,247 | £78,500 | 56 BELMONT AVENUE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 10 Sep 2014. Using an estimated price of £76,641 means this house is valued at £833 per sq meter (£77 per sq foot).
The average size of a house on BELMONT AVENUE is 102 sq meters (1,105 sq feet).