£50,825
This estimated value is based upon the latest sale price for the house of £35,000 on 29 Jun 2015. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£35,000 | 29 Jun 2015 |
£33,000 | 10 Oct 2014 |
£21,950 | 20 Nov 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 61 sq meters or 660 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 June 2015 the House Price Index for LANCASHIRE was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £35,000 results in an estimated price of approximately £50,825.
29 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
102.3 | 148.6 | 45.215 % | £35,000 | £15,825 | £50,825 |
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 | 31.572 % | £11,050 | £46,050 |
3 Month Average | 12.486 % | £4,370 | £39,370 |
6 Month Average | 26.843 % | £9,395 | £44,395 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Mar 2023 | £157,484 | £156,000 | 68 AMBLESIDE ROAD |
21 Feb 2023 | £82,944 | £83,000 | 9 HERLEBECK RISE |
3 Feb 2023 | £144,902 | £145,000 | 24 AMBLESIDE ROAD |
24 Jan 2023 | £74,648 | £75,000 | 12 THIRLMERE COURT |
16 Jan 2023 | £84,104 | £84,500 | 8 THIRLMERE COURT |
This house has a floor area of 61 sq meters or 660 sq feet when measured on 22 Mar 2012. Using an estimated price of £50,825 means this house is valued at £827 per sq meter (£76 per sq foot).
The average size of a house on HERLEBECK RISE is 68 sq meters (733 sq feet).