£171,774
This estimated value is based upon the latest sale price for the house of £140,000 on 30 Sep 2019. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £140,000 | 30 Sep 2019 |
| £153,000 | 7 Jul 2017 |
| Terraced |
| Freehold |
| Floor Area: 149 sq meters or 1,603 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 2019 the House Price Index for LANCASHIRE was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.696%.Applying this 22.696% change to the original purchase price of £140,000 results in an estimated price of approximately £171,774.
| 30 Sep 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.696 % | £140,000 | £31,774 | £171,774 |
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 | -2.662 % | £-3,726 | £136,273 |
| 3 Month Average | -0.761 % | £-1,064 | £138,935 |
| 6 Month Average | 17.598 % | £24,637 | £164,637 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £127,226 | £125,000 | 33 WESTMINSTER ROAD |
| 6 Dec 2023 | £91,603 | £90,000 | FLAT 2 63 - 65 WEST END ROAD |
| 30 Aug 2023 | £100,883 | £100,000 | 16 WESTMINSTER ROAD |
| 14 Jul 2023 | £202,729 | £200,000 | 6 CHATSWORTH ROAD |
| 26 Jun 2023 | £72,883 | £72,000 | 3 WESTMINSTER ROAD |
This house has a floor area of 149 sq meters or 1,603 sq feet when measured on 3 Feb 2017. Using an estimated price of £171,775 means this house is valued at £1,152 per sq meter (£107 per sq foot).
The average size of a house on CHATSWORTH ROAD is 125 sq meters (1,352 sq feet).