£80,123
This estimated value is based upon the latest sale price for the house of £70,000 on 28 Jul 2021. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £70,000 | 28 Jul 2021 |
| £100,500 | 30 Nov 2007 |
| £96,000 | 14 Jul 2006 |
| £30,500 | 16 Aug 2002 |
| £8,000 | 1 Oct 1998 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 July 2021 the House Price Index for LANCASHIRE was 129.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.462%.Applying this 14.462% change to the original purchase price of £70,000 results in an estimated price of approximately £80,123.
| 28 Jul 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.0 | 14.462 % | £70,000 | £10,123 | £80,123 |
The Postcode Pricing Model uses changes in average sales price within the BB4 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 | 47.870 % | £33,509 | £103,509 |
| 3 Month Average | 4.312 % | £3,018 | £73,018 |
| 6 Month Average | 1.904 % | £1,332 | £71,332 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £178,375 | £175,000 | 4 GAGHILLS ROAD |
| 10 Nov 2023 | £121,561 | £120,000 | 9 GAGHILLS TERRACE |
| 29 Jun 2023 | £231,880 | £230,000 | 19 BROOKLANDS |
| 6 Apr 2023 | £100,749 | £100,000 | 94 BURNLEY ROAD EAST |
| 25 Jul 2022 | £56,424 | £56,500 | 56 MILLAR BARN LANE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 6 Jul 2021. Using an estimated price of £80,124 means this house is valued at £1,001 per sq meter (£93 per sq foot).
The average size of a house on MELBOURNE STREET is 112 sq meters (1,208 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gaghills Road |
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Theatre/Concert Hall |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Theatre/Concert Hall |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Theatre/Concert Hall |
| Feb 2024 | Drugs | Local resolution | On or near Theatre/Concert Hall |