£86,552
This estimated value is based upon the latest sale price for the house of £65,000 on 1 Jul 2016. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£65,000 | 1 Jul 2016 |
£116,350 | 9 Jan 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 47 sq meters or 509 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 July 2016 the House Price Index for LANCASHIRE was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £65,000 results in an estimated price of approximately £86,552.
1 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.6 | 148.6 | 33.158 % | £65,000 | £21,552 | £86,552 |
The Postcode Pricing Model uses changes in average sales price within the BB11 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 | 7.986 % | £5,190 | £70,190 |
3 Month Average | 32.009 % | £20,805 | £85,805 |
6 Month Average | 40.779 % | £26,506 | £91,506 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Nov 2023 | £76,127 | £75,000 | 1 FELIX STREET |
28 Sep 2023 | £157,007 | £155,000 | 4 STRAIGHT MILE COURT |
28 Jul 2023 | £72,982 | £72,000 | 61 STRAIGHT MILE COURT |
17 Mar 2023 | £80,710 | £79,950 | 9 FELIX STREET |
13 Jan 2023 | £119,437 | £120,000 | 160 LEYLAND ROAD |
This house has a floor area of 47 sq meters or 509 sq feet when measured on 26 Mar 2012. Using an estimated price of £86,552 means this house is valued at £1,829 per sq meter (£169 per sq foot).
The average size of a house on STRAIGHT MILE COURT is 80 sq meters (870 sq feet).