£349,627
This estimated value is based upon the latest sale price for the house of £285,000 on 6 Dec 2019. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£285,000 | 6 Dec 2019 |
£56,500 | 29 Jun 1998 |
Terraced |
Freehold |
Floor Area: 180 sq meters or 1,937 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 2019 the House Price Index for LANCASHIRE was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £285,000 results in an estimated price of approximately £349,627.
6 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 148.6 | 22.676 % | £285,000 | £64,627 | £349,627 |
The Postcode Pricing Model uses changes in average sales price within the LA1 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 | 168.367 % | £479,846 | £764,846 |
3 Month Average | 14.649 % | £41,749 | £326,749 |
6 Month Average | 19.015 % | £54,192 | £339,192 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Feb 2023 | £199,866 | £200,000 | 9 TOWER COURT |
28 Jul 2022 | £193,521 | £193,000 | 14 SPRINGFIELD STREET |
26 Nov 2021 | £348,247 | £322,000 | 55 SOUTH ROAD |
30 Sep 2021 | £237,070 | £220,000 | 18 SPRINGFIELD STREET |
4 Nov 2020 | £544,896 | £470,000 | 11 MEADOWSIDE |
This house has a floor area of 180 sq meters or 1,937 sq feet when measured on 28 Sep 2017. Using an estimated price of £349,628 means this house is valued at £1,942 per sq meter (£180 per sq foot).
The average size of a house on SOUTH ROAD is 158 sq meters (1,703 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Drugs | Local resolution | On or near South Road |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near South Road |