£167,377
This estimated value is based upon the latest sale price for the house of £97,500 on 21 Dec 2011. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £97,500 | 21 Dec 2011 |
| £67,000 | 22 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 44 sq meters or 484 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 December 2011 the House Price Index for LANCASHIRE was 86.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 71.669%.Applying this 71.669% change to the original purchase price of £97,500 results in an estimated price of approximately £167,377.
| 21 Dec 2011 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.0 | 71.669 % | £97,500 | £69,877 | £167,377 |
The Postcode Pricing Model uses changes in average sales price within the BB7 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 | 92.666 % | £90,349 | £187,849 |
| 3 Month Average | 51.139 % | £49,860 | £147,360 |
| 6 Month Average | 36.889 % | £35,966 | £133,466 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £94,793 | £93,000 | 53 LOWERGATE |
| 20 Nov 2023 | £116,496 | £115,000 | 10 CANDLEMAKERS COURT |
| 9 Aug 2023 | £125,664 | £124,900 | 27 BOWLAND COURT |
| 9 Jun 2023 | £100,313 | £99,500 | 24 LOWERGATE |
| 9 Jun 2023 | £120,981 | £120,000 | 2 BOWLAND COURT |
This house has a floor area of 44 sq meters or 484 sq feet when measured on 5 Jun 2011. Using an estimated price of £167,377 means this house is valued at £3,721 per sq meter (£345 per sq foot).
The average size of a house on LOWERGATE is 94 sq meters (1,013 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Candlemakers Court | |
| Mar 2024 | Anti-social behaviour | On or near Candlemakers Court | |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near King Lane |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near King Lane |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near King Lane |