£53,662
This estimated value is based upon the latest sale price for the house of £50,000 on 27 Sep 2021. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £50,000 | 27 Sep 2021 |
| £132,995 | 17 Jul 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 September 2021 the House Price Index for LANCASHIRE was 137.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.324%.Applying this 7.324% change to the original purchase price of £50,000 results in an estimated price of approximately £53,662.
| 27 Sep 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.0 | 7.324 % | £50,000 | £3,662 | £53,662 |
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 | -13.640 % | £-6,820 | £43,179 |
| 3 Month Average | -12.953 % | £-6,476 | £43,523 |
| 6 Month Average | -10.649 % | £-5,324 | £44,675 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £53,003 | £52,000 | 44 RIBBLESDALE COURT |
| 12 Dec 2023 | £468,871 | £460,000 | 68 QUEEN STREET |
| 3 Nov 2023 | £70,910 | £70,000 | 8 RIBBLESDALE COURT |
| 25 Aug 2023 | £58,355 | £58,000 | 22 RIBBLESDALE COURT |
| 21 Aug 2023 | £45,275 | £45,000 | 33 RIBBLESDALE COURT |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 16 Nov 2017. Using an estimated price of £53,662 means this house is valued at £1,031 per sq meter (£95 per sq foot).
The average size of a house on STATION ROAD is 70 sq meters (754 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (559 sq feet).