£321,923
This estimated value is based upon the latest sale price for the house of £75,000 on 18 Aug 1999. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£75,000 | 18 Aug 1999 |
Detached |
Freehold |
Floor Area: 71 sq meters or 766 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 August 1999 the House Price Index for LANCASHIRE was 34.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 329.231%.Applying this 329.231% change to the original purchase price of £75,000 results in an estimated price of approximately £321,923.
18 Aug 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
34.6 | 148.6 | 329.231 % | £75,000 | £246,923 | £321,923 |
The Postcode Pricing Model uses changes in average sales price within the FY8 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 | 205.646 % | £154,234 | £229,234 |
3 Month Average | 189.672 % | £142,254 | £217,254 |
6 Month Average | 197.611 % | £148,208 | £223,208 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Dec 2023 | £167,938 | £165,000 | 28 BROWNING AVENUE |
22 Sep 2023 | £269,952 | £266,500 | 12 FAIRSNAPE ROAD |
24 Mar 2023 | £292,758 | £290,000 | 8 FAIRSNAPE ROAD |
5 Aug 2022 | £324,128 | £325,000 | 118 MYTHOP ROAD |
29 Jul 2022 | £235,634 | £235,000 | 19 RIBCHESTER ROAD |
This house has a floor area of 71 sq meters or 766 sq feet when measured on 28 Nov 2011. Using an estimated price of £321,924 means this house is valued at £4,521 per sq meter (£420 per sq foot).
The average size of a house on RIBCHESTER ROAD is 95 sq meters (1,025 sq feet).