£55,327
This estimated value is based upon the latest sale price for the house of £12,000 on 23 Jul 1998. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
There has been one burglary within the last year on or near Bankfield Street
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| Price Paid | Date |
|---|---|
| £12,000 | 23 Jul 1998 |
| Terraced |
| Leasehold |
| Floor Area: 51 sq meters or 548 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 1998 the House Price Index for LANCASHIRE was 31.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 361.066%.Applying this 361.066% change to the original purchase price of £12,000 results in an estimated price of approximately £55,327.
| 23 Jul 1998 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 146.7 | 361.066 % | £12,000 | £43,327 | £55,327 |
The Postcode Pricing Model uses changes in average sales price within the OL13 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 | 485.672 % | £58,280 | £70,280 |
| 3 Month Average | 496.842 % | £59,621 | £71,621 |
| 6 Month Average | 341.430 % | £40,971 | £52,971 |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 11 Oct 2017.
The average size of a house on BANKFIELD STREET is 105 sq meters (1,137 sq feet).
This house is the smallest in the street with a floor area of 51 sq meters (548 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Bankfield Street |
| Mar 2024 | Other theft | Under investigation | On or near Bankfield Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bankfield Street |
| Mar 2024 | Anti-social behaviour | On or near Bankfield Street | |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Bankfield Street |