£335,412
This estimated value is based upon the latest sale price for the house of £332,500 on 9 Apr 2024. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £332,500 | 9 Apr 2024 |
| £167,000 | 2 Apr 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,310 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 April 2024 the House Price Index for LANCASHIRE was 148.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.876%.Applying this 0.876% change to the original purchase price of £332,500 results in an estimated price of approximately £335,412.
| 9 Apr 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.4 | 149.7 | 0.876 % | £332,500 | £2,912 | £335,412 |
The Postcode Pricing Model uses changes in average sales price within the LA4 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 | 9.525 % | £31,670 | £364,170 |
| 3 Month Average | 19.912 % | £66,208 | £398,708 |
| 6 Month Average | -0.738 % | £-2,455 | £330,044 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Apr 2024 | £335,413 | £332,500 | 45 ELMS DRIVE |
| 4 Apr 2024 | £242,102 | £240,000 | 38 ELLIS DRIVE |
| 1 Dec 2023 | £273,349 | £264,950 | 38 HEST BANK ROAD |
| 20 Nov 2023 | £256,511 | £250,000 | 28 ELLIS DRIVE |
| 17 Nov 2023 | £235,990 | £230,000 | 3 MOUNT GARDENS |
This house has a floor area of 121 sq meters or 1,310 sq feet when measured on 6 Oct 2008. Using an estimated price of £335,413 means this house is valued at £2,755 per sq meter (£256 per sq foot).
The average size of a house on ELMS DRIVE is 120 sq meters (1,298 sq feet).