£54,894
This estimated value is based upon the latest sale price for the house of £40,000 on 29 Jan 2016. This value is then adjusted by the current Official House Price Index for BLACKPOOL 1
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| Price Paid | Date |
|---|---|
| £40,000 | 29 Jan 2016 |
| £49,000 | 25 Nov 2011 |
| £38,500 | 1 Oct 2010 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 505 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 January 2016 the House Price Index for BLACKPOOL was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £40,000 results in an estimated price of approximately £54,894.
| 29 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £40,000 | £14,894 | £54,894 |
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 | 44.587 % | £17,834 | £57,834 |
| 3 Month Average | 6.388 % | £2,555 | £42,555 |
| 6 Month Average | 23.665 % | £9,465 | £49,465 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £111,959 | £110,000 | 235 PROMENADE |
| 31 Jul 2023 | £35,477 | £35,000 | 2 BOLTON STREET |
| 15 Feb 2023 | £39,973 | £40,000 | FLAT 2 20 TRAFALGAR ROAD |
| 15 Feb 2023 | £79,946 | £80,000 | 69 LYTHAM ROAD |
| 22 Nov 2022 | £143,265 | £145,000 | 5 NELSON ROAD |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 11 Jun 2012. Using an estimated price of £54,894 means this house is valued at £1,167 per sq meter (£108 per sq foot).
The average size of a house on TRAFALGAR ROAD is 87 sq meters (940 sq feet).