£59,058
This estimated value is based upon the latest sale price for the house of £31,500 on 7 Apr 2005. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£31,500 | 7 Apr 2005 |
Terraced |
Leasehold |
Floor Area: 63 sq meters or 678 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 April 2005 the House Price Index for LANCASHIRE was 79.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 87.488%.Applying this 87.488% change to the original purchase price of £31,500 results in an estimated price of approximately £59,058.
7 Apr 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
79.8 | 149.7 | 87.488 % | £31,500 | £27,558 | £59,058 |
The Postcode Pricing Model uses changes in average sales price within the BB10 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 | 28.202 % | £8,883 | £40,383 |
3 Month Average | 98.824 % | £31,129 | £62,629 |
6 Month Average | 103.262 % | £32,527 | £64,027 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £58,905 | £58,000 | 38 HEAP STREET |
24 Nov 2023 | £30,781 | £30,000 | 33 FORD STREET |
10 Nov 2023 | £51,302 | £50,000 | 27 FORD STREET |
23 Jun 2023 | £27,552 | £27,000 | 18 HEAP STREET |
20 Mar 2023 | £40,674 | £39,995 | 23 HEAP STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 1 Jun 2015. Using an estimated price of £59,059 means this house is valued at £937 per sq meter (£87 per sq foot).
The average size of a house on HEAP STREET is 70 sq meters (755 sq feet).