£48,044
This estimated value is based upon the latest sale price for the house of £38,000 on 5 Jan 2018. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £38,000 | 5 Jan 2018 |
| Terraced |
| Leasehold |
| Floor Area: 99 sq meters or 1,065 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 January 2018 the House Price Index for LANCASHIRE was 118.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.433%.Applying this 26.433% change to the original purchase price of £38,000 results in an estimated price of approximately £48,044.
| 5 Jan 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 149.7 | 26.433 % | £38,000 | £10,044 | £48,044 |
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 | 80.651 % | £30,647 | £68,647 |
| 3 Month Average | 33.759 % | £12,828 | £50,828 |
| 6 Month Average | 35.322 % | £13,422 | £51,422 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £89,373 | £88,000 | 24 SUSSEX STREET |
| 17 Apr 2023 | £72,353 | £71,000 | 41 STONEY STREET |
| 20 Mar 2023 | £76,274 | £75,000 | 35 STONEY STREET |
| 27 Feb 2023 | £70,471 | £70,000 | 34 SUSSEX STREET |
| 3 Feb 2023 | £166,110 | £165,000 | 154 BRANCH ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 15 Dec 2017. Using an estimated price of £48,045 means this house is valued at £485 per sq meter (£45 per sq foot).
The average size of a house on HUFLING LANE is 76 sq meters (825 sq feet).