£56,818
This estimated value is based upon the latest sale price for the house of £47,500 on 4 Sep 2020. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £47,500 | 4 Sep 2020 |
| Terraced |
| Leasehold |
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 September 2020 the House Price Index for LANCASHIRE was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £47,500 results in an estimated price of approximately £56,818.
| 4 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £47,500 | £9,318 | £56,818 |
The Postcode Pricing Model uses changes in average sales price within the LA4 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 | -9.972 % | £-4,736 | £42,763 |
| 3 Month Average | 7.666 % | £3,641 | £51,141 |
| 6 Month Average | 10.246 % | £4,866 | £52,366 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £82,536 | £80,000 | 28 MORECAMBE STREET |
| 28 Feb 2023 | £6,544 | £6,500 | PART CELLAR 5 NELSON STREET |
| 17 Feb 2023 | £127,854 | £127,000 | 26 MORECAMBE STREET |
| 31 Jan 2023 | £100,268 | £100,000 | 3 GARNETT STREET |
| 30 Jan 2023 | £85,228 | £85,000 | 5 STANLEY STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Back Morecambe Street | |
| Jun 2024 | Anti-social behaviour | On or near Back Morecambe Street | |
| Jun 2024 | Anti-social behaviour | On or near Back Morecambe Street | |
| Jun 2024 | Anti-social behaviour | On or near Back Morecambe Street | |
| Jun 2024 | Other crime | Awaiting court outcome | On or near Back Morecambe Street |