£148,248
This estimated value is based upon the latest sale price for the house of £120,000 on 18 Oct 2019. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £120,000 | 18 Oct 2019 |
| £112,000 | 3 Feb 2006 |
| £79,950 | 10 Nov 2003 |
| £64,950 | 30 Aug 2002 |
| £46,950 | 31 Mar 1995 |
| Terraced |
| Freehold |
| Floor Area: 55 sq meters or 592 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 October 2019 the House Price Index for LANCASHIRE was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £120,000 results in an estimated price of approximately £148,248.
| 18 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.540 % | £120,000 | £28,248 | £148,248 |
The Postcode Pricing Model uses changes in average sales price within the LA4 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 | 7.159 % | £8,590 | £128,590 |
| 3 Month Average | 34.731 % | £41,677 | £161,677 |
| 6 Month Average | 33.206 % | £39,847 | £159,847 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Oct 2024 | £315,000 | £315,000 | 1 WINCHESTER AVENUE |
| 27 Oct 2023 | £163,667 | £159,950 | 18 FAIRHAVEN WAY |
| 15 Aug 2022 | £150,654 | £149,950 | 9 TURNBERRY CLOSE |
| 5 Aug 2022 | £401,879 | £400,000 | 2 BERWYN AVENUE |
| 9 Jun 2022 | £265,628 | £259,950 | 1A WINCHESTER AVENUE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 15 Jul 2019. Using an estimated price of £148,248 means this house is valued at £2,695 per sq meter (£250 per sq foot).
The average size of a house on FAIRHAVEN WAY is 79 sq meters (857 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Gainsborough Avenue |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wakefield Avenue |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Burlington Grove |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Burlington Grove |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Elkin Road |