£293,570
This estimated value is based upon the latest sale price for the house of £220,000 on 19 Oct 2016. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £220,000 | 19 Oct 2016 |
| £134,950 | 29 Sep 2003 |
| Detached |
| Freehold |
| Floor Area: 124 sq meters or 1,334 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 2016 the House Price Index for LANCASHIRE was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £220,000 results in an estimated price of approximately £293,570.
| 19 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £220,000 | £73,570 | £293,570 |
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 | 1.696 % | £3,730 | £223,730 |
| 3 Month Average | 191.169 % | £420,570 | £640,570 |
| 6 Month Average | 82.668 % | £181,869 | £401,869 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jul 2022 | £244,954 | £242,500 | 9 KATEHOLM |
| 18 Mar 2022 | £250,544 | £240,000 | 179 BURNLEY ROAD |
| 3 Dec 2021 | £280,620 | £260,000 | 181 BURNLEY ROAD |
| 12 Aug 2021 | £350,649 | £312,000 | 3 SCAR END CLOSE |
| 29 May 2020 | £172,513 | £140,000 | 12 HEALD LANE |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 11 Aug 2016. Using an estimated price of £293,570 means this house is valued at £2,367 per sq meter (£219 per sq foot).
The average size of a house on SCAR END CLOSE is 118 sq meters (1,274 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burnley Road |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burnley Road |