£111,410
This estimated value is based upon the latest sale price for the house of £50,000 on 21 Nov 2003. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £50,000 | 21 Nov 2003 |
| £58,500 | 30 May 1997 |
| £48,000 | 16 Jan 1995 |
| Detached |
| Freehold |
| Floor Area: 56 sq meters or 602 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 2003 the House Price Index for LANCASHIRE was 67.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 122.820%.Applying this 122.820% change to the original purchase price of £50,000 results in an estimated price of approximately £111,410.
| 21 Nov 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 67.2 | 149.7 | 122.820 % | £50,000 | £61,410 | £111,410 |
The Postcode Pricing Model uses changes in average sales price within the BB12 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 | 104.018 % | £52,009 | £102,009 |
| 3 Month Average | 105.034 % | £52,516 | £102,516 |
| 6 Month Average | 128.180 % | £64,090 | £114,090 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 May 2024 | £150,000 | £150,000 | 83 LOWER MEAD DRIVE |
| 2 Apr 2024 | £252,190 | £250,000 | 13 LOWER MEAD DRIVE |
| 28 Apr 2023 | £231,327 | £227,000 | 12 LOWER MANOR LANE |
| 27 Feb 2023 | £236,580 | £235,000 | 64 LOWER MANOR LANE |
| 28 Oct 2022 | £177,906 | £178,500 | 140 LOWER MANOR LANE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 30 Oct 2012. Using an estimated price of £111,410 means this house is valued at £1,989 per sq meter (£184 per sq foot).
The average size of a house on LOWER MEAD DRIVE is 85 sq meters (918 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lower Mead Drive |
| Oct 2024 | Anti-social behaviour | On or near Lower Manor Lane | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Garswood Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Garswood Close |