£185,217
This estimated value is based upon the latest sale price for the house of £108,000 on 12 Nov 2010. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £108,000 | 12 Nov 2010 |
| £46,000 | 1 Nov 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 37 sq meters or 400 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 November 2010 the House Price Index for LANCASHIRE was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.497%.Applying this 71.497% change to the original purchase price of £108,000 results in an estimated price of approximately £185,217.
| 12 Nov 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.497 % | £108,000 | £77,217 | £185,217 |
The Postcode Pricing Model uses changes in average sales price within the BB12 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 | -18.342 % | £-19,808 | £88,191 |
| 3 Month Average | -12.223 % | £-13,201 | £94,798 |
| 6 Month Average | 6.220 % | £6,717 | £114,717 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £188,295 | £185,000 | 3 WELLFIELD DRIVE |
| 16 Jun 2023 | £141,717 | £140,000 | 40 WESTWOOD ROAD |
| 26 Aug 2022 | £145,608 | £146,000 | 37 WESTWOOD ROAD |
| 21 Jul 2022 | £150,405 | £150,000 | 41 WESTWOOD ROAD |
| 15 Jul 2022 | £188,457 | £187,950 | 4 BRAMLEY AVENUE |
This house has a floor area of 37 sq meters or 400 sq feet when measured on 15 Jun 2010. Using an estimated price of £185,217 means this house is valued at £4,978 per sq meter (£462 per sq foot).
The average size of a house on WESTWOOD ROAD is 78 sq meters (847 sq feet).