£100,998
This estimated value is based upon the latest sale price for the house of £88,000 on 8 Dec 2020. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £88,000 | 8 Dec 2020 |
| £91,000 | 16 Feb 2007 |
| £95,000 | 14 Sep 2005 |
| Terraced |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 December 2020 the House Price Index for LANCASHIRE was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £88,000 results in an estimated price of approximately £100,998.
| 8 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £88,000 | £12,998 | £100,998 |
The Postcode Pricing Model uses changes in average sales price within the WN8 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 | -12.478 % | £-10,980 | £77,019 |
| 3 Month Average | -7.679 % | £-6,757 | £81,242 |
| 6 Month Average | 25.112 % | £22,098 | £110,098 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2022 | £199,463 | £200,000 | 14 BACK LANE |
| 15 Jun 2022 | £135,921 | £134,000 | 50 BACK LANE |
| 31 Mar 2022 | £103,626 | £100,000 | 73 CHARNOCK |
| 26 Oct 2021 | £94,051 | £85,000 | 68 CHERRYCROFT |
| 21 Sep 2021 | £70,044 | £65,000 | 135 CHERRYCROFT |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 11 Jun 2019. Using an estimated price of £100,999 means this house is valued at £952 per sq meter (£88 per sq foot).
The average size of a house on CHERRYCROFT is 92 sq meters (998 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Local resolution | On or near Back Lane |
| Mar 2024 | Drugs | Under investigation | On or near Back Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Back Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Back Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Back Lane |