£48,881
This estimated value is based upon the latest sale price for the house of £48,000 on 7 Aug 2023. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
There has been one burglary within the last year on or near Herbert Street
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| Price Paid | Date |
|---|---|
| £48,000 | 7 Aug 2023 |
| £35,100 | 9 Jun 2023 |
| £38,950 | 23 Jun 2004 |
| £18,000 | 2 Apr 2004 |
| £24,950 | 15 Jun 1998 |
| Terraced |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 2023 the House Price Index for LANCASHIRE was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £48,000 results in an estimated price of approximately £48,881.
| 7 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £48,000 | £881 | £48,881 |
The Postcode Pricing Model uses changes in average sales price within the BB11 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 | 42.353 % | £20,329 | £68,329 |
| 3 Month Average | 23.810 % | £11,429 | £59,429 |
| 6 Month Average | 6.833 % | £3,279 | £51,279 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Mar 2024 | £68,553 | £67,500 | 1 HERBERT STREET |
| 14 Dec 2023 | £105,749 | £102,500 | 91 ALBION STREET |
| 2 Nov 2023 | £82,083 | £79,999 | 18 PRITCHARD STREET |
| 24 Oct 2023 | £58,325 | £57,000 | 9 HERBERT STREET |
| 13 Oct 2023 | £40,930 | £40,000 | 23 HERBERT STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 7 May 2013. Using an estimated price of £48,882 means this house is valued at £775 per sq meter (£72 per sq foot).
The average size of a house on HERBERT STREET is 82 sq meters (884 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Bicycle theft | Unable to prosecute suspect | On or near Herbert Street |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Herbert Street |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Herbert Street |
| Sep 2024 | Burglary | Unable to prosecute suspect | On or near Herbert Street |
| Sep 2024 | Criminal damage and arson | Local resolution | On or near Herbert Street |