£201,871
This estimated value is based upon the latest sale price for the house of £198,500 on 2 Mar 2023. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £198,500 | 2 Mar 2023 |
| £140,000 | 17 Mar 2017 |
| £172,500 | 25 Nov 2016 |
| £135,000 | 14 Sep 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 March 2023 the House Price Index for LANCASHIRE was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £198,500 results in an estimated price of approximately £201,871.
| 2 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £198,500 | £3,371 | £201,871 |
The Postcode Pricing Model uses changes in average sales price within the FY3 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 | 10.545 % | £20,931 | £219,431 |
| 3 Month Average | 5.701 % | £11,316 | £209,816 |
| 6 Month Average | 6.086 % | £12,080 | £210,580 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Oct 2023 | £386,273 | £377,500 | 33 BENEDICT DRIVE |
| 21 Sep 2023 | £132,930 | £130,000 | 44 NORMOSS ROAD |
| 23 Jun 2023 | £181,130 | £177,500 | 16 SOUTHFIELD DRIVE |
| 2 Mar 2023 | £201,871 | £198,500 | 6 NORMOSS ROAD |
| 16 Sep 2022 | £154,897 | £155,000 | 23 TRUNO CLOSE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 12 May 2016. Using an estimated price of £201,871 means this house is valued at £2,347 per sq meter (£218 per sq foot).
The average size of a house on NORMOSS ROAD is 123 sq meters (1,331 sq feet).