£402,674
This estimated value is based upon the latest sale price for the house of £283,832 on 1 Sep 2015. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £283,832 | 1 Sep 2015 |
| Detached |
| Freehold |
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 2015 the House Price Index for LANCASHIRE was 104.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 41.871%.Applying this 41.871% change to the original purchase price of £283,832 results in an estimated price of approximately £402,674.
| 1 Sep 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.7 | 148.6 | 41.871 % | £283,832 | £118,842 | £402,674 |
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 | 1.054 % | £2,992 | £286,824 |
| 3 Month Average | 8.913 % | £25,297 | £309,129 |
| 6 Month Average | 15.727 % | £44,637 | £328,469 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Apr 2024 | £340,000 | £340,000 | FLAT 2 VERNON LODGE, 99 SOUTH PROMENADE |
| 14 Jul 2023 | £346,666 | £342,000 | FLAT 5 HILLCLIFFE, 95 SOUTH PROMENADE |
| 26 Apr 2023 | £358,864 | £355,000 | 19 FAIRHAVEN ROAD |
| 22 Jul 2022 | £75,704 | £75,500 | FLAT 4 SWISS COURT, 17 FAIRHAVEN ROAD |
| 17 Mar 2022 | £145,077 | £140,000 | FLAT 1 LYSTRA COURT, 103 - 107 SOUTH PROMENADE |