£299,285
This estimated value is based upon the latest sale price for the house of £225,000 on 17 Jun 2016. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £225,000 | 17 Jun 2016 |
| Terraced |
| Freehold |
| Floor Area: 187 sq meters or 2,012 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 June 2016 the House Price Index for LANCASHIRE was 111.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 33.016%.Applying this 33.016% change to the original purchase price of £225,000 results in an estimated price of approximately £299,285.
| 17 Jun 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.0 | 33.016 % | £225,000 | £74,285 | £299,285 |
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 | 46.256 % | £104,075 | £329,075 |
| 3 Month Average | 27.808 % | £62,567 | £287,567 |
| 6 Month Average | 32.341 % | £72,766 | £297,766 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £142,649 | £139,950 | 678 BACUP ROAD |
| 1 Nov 2023 | £106,366 | £105,000 | 12 HOLT MILL ROAD |
| 11 Aug 2023 | £181,101 | £180,000 | 562 BACUP ROAD |
| 27 Jul 2023 | £133,866 | £132,600 | 5 FERN LEA STREET |
| 1 Feb 2023 | £57,727 | £58,000 | 3A KING STREET |
This house has a floor area of 187 sq meters or 2,012 sq feet when measured on 27 Oct 2015. Using an estimated price of £299,285 means this house is valued at £1,600 per sq meter (£148 per sq foot).
There is one other house on the street which we know the size of, this is HIGHER LENCH HOUSE LENCH FOLD CLOUGH it is 112.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parking Area |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near King Street |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near King Street |
| Jan 2024 | Anti-social behaviour | On or near St James' Street | |
| Jan 2024 | Anti-social behaviour | On or near St James' Street |