£156,947
This estimated value is based upon the latest sale price for the house of £117,000 on 1 Jul 2016. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £117,000 | 1 Jul 2016 |
| £120,000 | 26 Apr 2013 |
| £56,000 | 8 Jun 2001 |
| £45,150 | 31 Mar 1998 |
| Terraced |
| Freehold |
| Floor Area: 59 sq meters or 642 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 July 2016 the House Price Index for LANCASHIRE was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £117,000 results in an estimated price of approximately £156,947.
| 1 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.143 % | £117,000 | £39,947 | £156,947 |
The Postcode Pricing Model uses changes in average sales price within the LA5 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 | 10.895 % | £12,747 | £129,747 |
| 3 Month Average | 5.905 % | £6,909 | £123,909 |
| 6 Month Average | 14.412 % | £16,862 | £133,862 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £146,270 | £145,000 | 21 THE DRIVE |
| 7 Dec 2023 | £152,692 | £148,000 | 7 CALDER CLOSE |
| 22 Sep 2023 | £163,607 | £160,000 | 4 THE DRIVE |
| 18 Aug 2023 | £155,301 | £152,500 | 6 THE PARADE |
| 16 Jun 2023 | £295,930 | £290,000 | 65 CRAG BANK ROAD |
This house has a floor area of 59 sq meters or 642 sq feet when measured on 12 Feb 2009. Using an estimated price of £156,948 means this house is valued at £2,628 per sq meter (£244 per sq foot).
The average size of a house on THE GROVE is 86 sq meters (929 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near The Grove |
| Jul 2024 | Violence and sexual offences | Local resolution | On or near The Grove |
| Jun 2024 | Violence and sexual offences | Local resolution | On or near The Parade |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Browsholme Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Browsholme Close |