£125,294
This estimated value is based upon the latest sale price for the house of £115,000 on 19 Nov 2021. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£115,000 | 19 Nov 2021 |
£73,500 | 17 Oct 2003 |
Terraced |
Freehold |
Floor Area: 40 sq meters or 430 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 2021 the House Price Index for LANCASHIRE was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £115,000 results in an estimated price of approximately £125,294.
19 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.4 | 149.7 | 8.952 % | £115,000 | £10,294 | £125,294 |
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 | -12.671 % | £-14,571 | £100,428 |
3 Month Average | 5.257 % | £6,045 | £121,045 |
6 Month Average | 3.798 % | £4,368 | £119,368 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Sep 2023 | £148,268 | £145,000 | 24 WILLIAMSON ROAD |
30 Aug 2023 | £134,424 | £132,000 | 15 MELBOURNE ROAD |
26 Aug 2022 | £130,611 | £130,000 | 10 CROSSDALE SQUARE |
30 May 2022 | £128,344 | £125,000 | 5 WOODVILLE STREET |
12 Apr 2022 | £163,394 | £157,500 | 3 MELBOURNE ROAD |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 19 Jun 2014. Using an estimated price of £125,295 means this house is valued at £3,132 per sq meter (£291 per sq foot).
The average size of a house on MELBOURNE ROAD is 73 sq meters (787 sq feet).
This house is the smallest in the street with a floor area of 40 sq meters (430 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Melbourne Road | |
Jul 2024 | Anti-social behaviour | On or near Melbourne Road | |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Road |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melbourne Road |
Jun 2024 | Anti-social behaviour | On or near Woodville Street |