£29,855
This estimated value is based upon the latest sale price for the house of £25,000 on 28 Aug 2020. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£25,000 | 28 Aug 2020 |
Terraced |
Leasehold |
Floor Area: 44 sq meters or 473 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 2020 the House Price Index for LANCASHIRE was 123.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 19.422%.Applying this 19.422% change to the original purchase price of £25,000 results in an estimated price of approximately £29,855.
28 Aug 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.9 | 148.0 | 19.422 % | £25,000 | £4,855 | £29,855 |
The Postcode Pricing Model uses changes in average sales price within the BB5 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 | -9.448 % | £-2,361 | £22,638 |
3 Month Average | 23.338 % | £5,834 | £30,834 |
6 Month Average | 31.509 % | £7,877 | £32,877 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £65,220 | £65,000 | 60 SHARPLES STREET |
10 Nov 2023 | £75,975 | £75,000 | 68 EDLESTON STREET |
10 Nov 2023 | £50,650 | £50,000 | 49 SHARPLES STREET |
23 Aug 2023 | £50,306 | £50,000 | 59 EDLESTON STREET |
23 Jun 2023 | £61,499 | £61,000 | 9 SPRING STREET |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 10 Feb 2016. Using an estimated price of £29,856 means this house is valued at £678 per sq meter (£63 per sq foot).
The average size of a house on EDLESTON STREET is 81 sq meters (875 sq feet).
This house is the smallest in the street with a floor area of 44 sq meters (473 sq feet).