£166,351
This estimated value is based upon the latest sale price for the house of £135,000 on 4 May 2020. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£135,000 | 4 May 2020 |
Semi-Detached |
Freehold |
Floor Area: 98 sq meters or 1,054 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 May 2020 the House Price Index for LANCASHIRE was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £135,000 results in an estimated price of approximately £166,351.
4 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 149.7 | 23.224 % | £135,000 | £31,351 | £166,351 |
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 | 8.862 % | £11,964 | £146,964 |
3 Month Average | 31.142 % | £42,042 | £177,042 |
6 Month Average | 21.528 % | £29,062 | £164,062 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Aug 2023 | £173,122 | £170,000 | 14 PENRHYN ROAD |
1 Jun 2023 | £159,190 | £156,000 | 15 LEYCESTER DRIVE |
13 Mar 2023 | £159,666 | £157,000 | 9 WHITENDALE |
27 Jan 2023 | £190,509 | £190,000 | 93 CLEVELEYS AVENUE |
18 Nov 2022 | £234,902 | £236,000 | 21 PENRHYN ROAD |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 4 Nov 2019. Using an estimated price of £166,352 means this house is valued at £1,697 per sq meter (£157 per sq foot).
The average size of a house on MORECAMBE ROAD is 107 sq meters (1,151 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Cleveleys Avenue |