£203,125
This estimated value is based upon the latest sale price for the house of £41,000 on 31 Oct 1997. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £41,000 | 31 Oct 1997 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 October 1997 the House Price Index for LANCASHIRE was 30.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 395.428%.Applying this 395.428% change to the original purchase price of £41,000 results in an estimated price of approximately £203,125.
| 31 Oct 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 148.6 | 395.428 % | £41,000 | £162,125 | £203,125 |
The Postcode Pricing Model uses changes in average sales price within the BB4 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 | 191.383 % | £78,466 | £119,466 |
| 3 Month Average | 248.286 % | £101,797 | £142,797 |
| 6 Month Average | 282.548 % | £115,844 | £156,844 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £250,370 | £247,000 | 10 HEMPSHAW AVENUE |
| 12 Jun 2023 | £172,084 | £170,000 | 120 GOODSHAW AVENUE NORTH |
| 28 Apr 2023 | £141,524 | £140,000 | 1071 BURNLEY ROAD |
| 30 Mar 2023 | £105,999 | £105,000 | 14 HEMPSHAW AVENUE |
| 17 Feb 2023 | £189,822 | £189,950 | 8 COMMERCIAL STREET |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 11 May 2015. Using an estimated price of £203,125 means this house is valued at £2,308 per sq meter (£214 per sq foot).
The average size of a house on BURNLEY ROAD is 106 sq meters (1,146 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hempshaw Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Penny Bank Close |
| Mar 2024 | Violence and sexual offences | Local resolution | On or near Commercial Street |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Commercial Street |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Hamer Avenue |