£56,432
This estimated value is based upon the latest sale price for the house of £55,000 on 3 Nov 2023. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£55,000 | 3 Nov 2023 |
£61,000 | 19 May 2006 |
Terraced |
Leasehold |
Floor Area: 77 sq meters or 833 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 November 2023 the House Price Index for LANCASHIRE was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £55,000 results in an estimated price of approximately £56,432.
3 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.9 | 149.7 | 2.605 % | £55,000 | £1,432 | £56,432 |
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 | 65.029 % | £35,765 | £90,765 |
3 Month Average | 23.566 % | £12,961 | £67,961 |
6 Month Average | 12.147 % | £6,680 | £61,680 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £51,302 | £50,000 | 49 SHARPLES STREET |
3 Nov 2023 | £56,432 | £55,000 | 56 ELIZABETH STREET |
23 Aug 2023 | £50,918 | £50,000 | 59 EDLESTON STREET |
8 Aug 2023 | £56,010 | £55,000 | 36 SHARPLES STREET |
27 May 2022 | £65,712 | £64,000 | 56 SHARPLES STREET |
This house has a floor area of 77 sq meters or 833 sq feet when measured on 14 Oct 2008. Using an estimated price of £56,432 means this house is valued at £729 per sq meter (£67 per sq foot).
The average size of a house on ELIZABETH STREET is 88 sq meters (952 sq feet).