£77,258
This estimated value is based upon the latest sale price for the house of £63,000 on 9 Oct 2019. This value is then adjusted by the current Official House Price Index for BLACKPOOL 1
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| Price Paid | Date |
|---|---|
| £63,000 | 9 Oct 2019 |
| £73,000 | 26 Jul 2004 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 sq feet |
This model uses changes in the Official Land Registry House Price Index for BLACKPOOL to estimate the market value.
When this house was purchased in October 2019 the House Price Index for BLACKPOOL was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £63,000 results in an estimated price of approximately £77,258.
| 9 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £63,000 | £14,258 | £77,258 |
The Postcode Pricing Model uses changes in average sales price within the FY1 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 | 19.891 % | £12,531 | £75,531 |
| 3 Month Average | 2.370 % | £1,492 | £64,492 |
| 6 Month Average | 12.962 % | £8,166 | £71,166 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £64,122 | £63,000 | 32 RIBBLE ROAD |
| 7 Dec 2023 | £71,247 | £70,000 | 47 PALATINE ROAD |
| 2 Nov 2023 | £137,029 | £135,000 | 49 PALATINE ROAD |
| 18 Sep 2023 | £111,425 | £110,000 | 92 RIBBLE ROAD |
| 14 Jul 2023 | £65,887 | £65,000 | 59 RIBBLE ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 24 Feb 2016. Using an estimated price of £77,258 means this house is valued at £780 per sq meter (£72 per sq foot).
The average size of a house on RIBBLE ROAD is 101 sq meters (1,088 sq feet).