£321,783
This estimated value is based upon the latest sale price for the house of £232,500 on 17 Dec 2015. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £232,500 | 17 Dec 2015 |
| £135,000 | 21 Jan 2005 |
| Terraced |
| Freehold |
| Floor Area: 149 sq meters or 1,603 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 2015 the House Price Index for LANCASHIRE was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £232,500 results in an estimated price of approximately £321,783.
| 17 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.6 | 38.401 % | £232,500 | £89,283 | £321,783 |
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 | 149.228 % | £346,954 | £579,454 |
| 3 Month Average | 14.908 % | £34,661 | £267,161 |
| 6 Month Average | 28.198 % | £65,561 | £298,061 |
| 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 149 sq meters or 1,603 sq feet when measured on 13 Aug 2015. Using an estimated price of £321,783 means this house is valued at £2,159 per sq meter (£200 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 |