£731,902
This estimated value is based upon the latest sale price for the house of £224,000 on 12 Oct 2001. This value is then adjusted by the current Official House Price Index for BLACKBURN WITH DARWEN 1
There has been one burglary within the last year on or near Bank Hey Close
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| Price Paid | Date |
|---|---|
| £224,000 | 12 Oct 2001 |
| Detached |
| Freehold |
| Floor Area: 278 sq meters or 2,999 sq feet |
This model uses changes in the Official Land Registry House Price Index for BLACKBURN WITH DARWEN to estimate the market value.
When this house was purchased in October 2001 the House Price Index for BLACKBURN WITH DARWEN was 45.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 226.742%.Applying this 226.742% change to the original purchase price of £224,000 results in an estimated price of approximately £731,902.
| 12 Oct 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 149.7 | 226.742 % | £224,000 | £507,902 | £731,902 |
The Postcode Pricing Model uses changes in average sales price within the BB1 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 | 282.502 % | £632,803 | £856,803 |
| 3 Month Average | 307.436 % | £688,656 | £912,656 |
| 6 Month Average | 279.727 % | £626,588 | £850,588 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Apr 2024 | £210,831 | £209,000 | 9 BANK HEY LANE SOUTH |
| 29 Nov 2023 | £87,214 | £85,000 | 56 STONE HILL DRIVE |
| 24 Nov 2023 | £274,980 | £268,000 | 7 BANK HEY LANE SOUTH |
| 9 Nov 2023 | £72,849 | £71,000 | 53 STONE HILL DRIVE |
| 2 Nov 2023 | £44,633 | £43,500 | 7 STONE HILL DRIVE |
This house has a floor area of 278 sq meters or 2,999 sq feet when measured on 11 Mar 2011. Using an estimated price of £731,902 means this house is valued at £2,626 per sq meter (£243 per sq foot).
The average size of a house on BANK HEY LANE SOUTH is 102 sq meters (1,104 sq feet).
This house is the largest in the street with a floor area of 278 sq meters (2,999 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Bank Hey Close |
| Oct 2024 | Vehicle crime | Under investigation | On or near Bank Hey Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bank Hey Close |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Bank Hey Close |
| Oct 2024 | Vehicle crime | Under investigation | On or near Sunny Bower Road |