£156,008
This estimated value is based upon the latest sale price for the house of £49,950 on 25 Jan 2002. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£49,950 | 25 Jan 2002 |
£42,795 | 28 Jun 1996 |
Semi-Detached |
Freehold |
Floor Area: 56 sq meters or 612 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 January 2002 the House Price Index for LANCASHIRE was 47.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 212.329%.Applying this 212.329% change to the original purchase price of £49,950 results in an estimated price of approximately £156,008.
25 Jan 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
47.6 | 148.6 | 212.329 % | £49,950 | £106,058 | £156,008 |
The Postcode Pricing Model uses changes in average sales price within the LA1 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 | 202.408 % | £101,103 | £151,053 |
3 Month Average | 178.997 % | £89,409 | £139,359 |
6 Month Average | 213.129 % | £106,457 | £156,407 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £152,671 | £150,000 | 2 HUTTON WAY |
29 Sep 2023 | £119,528 | £118,000 | 46 ATHERTON ROAD |
11 Sep 2023 | £131,633 | £129,950 | 77 LUNE ROAD |
8 Sep 2023 | £177,267 | £175,000 | 58 LUNE ROAD |
20 Mar 2023 | £113,065 | £112,000 | 48 ATHERTON ROAD |
This house has a floor area of 56 sq meters or 612 sq feet when measured on 6 Sep 2010. Using an estimated price of £156,008 means this house is valued at £2,742 per sq meter (£254 per sq foot).
The average size of a house on HUTTON WAY is 61 sq meters (663 sq feet).