£143,270
This estimated value is based upon the latest sale price for the house of £115,000 on 18 Apr 2019. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £115,000 | 18 Apr 2019 |
| Terraced |
| Freehold |
| Floor Area: 49 sq meters or 528 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 2019 the House Price Index for LANCASHIRE was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.583%.Applying this 24.583% change to the original purchase price of £115,000 results in an estimated price of approximately £143,270.
| 18 Apr 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.583 % | £115,000 | £28,270 | £143,270 |
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 | 20.513 % | £23,589 | £138,589 |
| 3 Month Average | 9.671 % | £11,121 | £126,121 |
| 6 Month Average | 16.661 % | £19,160 | £134,160 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £107,735 | £105,000 | 41 DORRINGTON ROAD |
| 21 Nov 2023 | £110,813 | £108,000 | 91 DORRINGTON ROAD |
| 2 Nov 2023 | £210,339 | £205,000 | 13 FRANKLIN STREET |
| 15 Sep 2023 | £212,689 | £208,000 | 4 FRANKLIN STREET |
| 23 Jun 2023 | £121,434 | £119,000 | 1 DEVONSHIRE COURT HEATON ROAD |
This house has a floor area of 49 sq meters or 528 sq feet when measured on 7 Jul 2009. Using an estimated price of £143,271 means this house is valued at £2,920 per sq meter (£271 per sq foot).
The average size of a house on DORRINGTON ROAD is 70 sq meters (760 sq feet).
This house is the smallest in the street with a floor area of 49 sq meters (528 sq feet).