£110,946
This estimated value is based upon the latest sale price for the house of £58,000 on 26 Oct 2004. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £58,000 | 26 Oct 2004 |
| £48,000 | 11 Feb 2004 |
| £50,000 | 17 Jun 1998 |
| Terraced |
| Leasehold |
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 October 2004 the House Price Index for LANCASHIRE was 78.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 91.287%.Applying this 91.287% change to the original purchase price of £58,000 results in an estimated price of approximately £110,946.
| 26 Oct 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 149.7 | 91.287 % | £58,000 | £52,946 | £110,946 |
The Postcode Pricing Model uses changes in average sales price within the BB5 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 | 97.610 % | £56,613 | £114,613 |
| 3 Month Average | 103.724 % | £60,159 | £118,159 |
| 6 Month Average | 100.514 % | £58,298 | £116,298 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £88,240 | £86,000 | 7 CANNON STREET |
| 12 Sep 2023 | £153,381 | £150,000 | 47 BLACKBURN ROAD |
| 24 Aug 2023 | £152,755 | £150,000 | 49 - 51 BLACKBURN ROAD |
| 16 Jun 2023 | £112,249 | £110,000 | 30 ST JAMES STREET |
| 7 Jun 2023 | £707 | £693 | 122 BLACKBURN ROAD |