£39,382
This estimated value is based upon the latest sale price for the house of £40,000 on 11 Aug 2022. This value is then adjusted by the current Official House Price Index for BLACKBURN WITH DARWEN 1
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| Price Paid | Date |
|---|---|
| £40,000 | 11 Aug 2022 |
| £45,000 | 17 Aug 2009 |
| £19,000 | 24 Jun 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 522 sq feet |
This model uses changes in the Official Land Registry House Price Index for BLACKBURN WITH DARWEN to estimate the market value.
When this house was purchased in August 2022 the House Price Index for BLACKBURN WITH DARWEN was 149.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.544%.Applying this -1.544% change to the original purchase price of £40,000 results in an estimated price of approximately £39,382.
| 11 Aug 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 146.7 | -1.544 % | £40,000 | £-617 | £39,382 |
The Postcode Pricing Model uses changes in average sales price within the BB2 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 | 0.023 % | £9 | £40,009 |
| 3 Month Average | 9.754 % | £3,901 | £43,901 |
| 6 Month Average | 5.234 % | £2,093 | £42,093 |
This house has a floor area of 48 sq meters or 522 sq feet when measured on 15 Dec 2010.
The average size of a house on PRESTON NEW ROAD is 161 sq meters (1,734 sq feet).