£137,558
This estimated value is based upon the latest sale price for the house of £109,000 on 16 Oct 2017. This value is then adjusted by the current Official House Price Index for BLACKBURN WITH DARWEN 1
There has been one burglary within the last year on or near Nares Road
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| Price Paid | Date |
|---|---|
| £109,000 | 16 Oct 2017 |
| £99,000 | 1 Aug 2014 |
| £85,000 | 18 Feb 2005 |
| £35,000 | 6 Aug 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 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 October 2017 the House Price Index for BLACKBURN WITH DARWEN was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £109,000 results in an estimated price of approximately £137,558.
| 16 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.6 | 26.200 % | £109,000 | £28,558 | £137,558 |
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 | 27.717 % | £30,210 | £139,210 |
| 3 Month Average | 32.342 % | £35,252 | £144,252 |
| 6 Month Average | 13.026 % | £14,198 | £123,198 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £126,619 | £125,000 | 32 NARES ROAD |
| 22 Sep 2023 | £77,997 | £77,000 | 1 NANSEN ROAD |
| 11 Sep 2023 | £132,243 | £130,552 | 29 NARES ROAD |
| 9 Aug 2023 | £125,094 | £124,000 | 42 NARES ROAD |
| 25 Jul 2023 | £126,705 | £125,000 | 40 NARES ROAD |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 9 Oct 2014. Using an estimated price of £137,558 means this house is valued at £2,255 per sq meter (£209 per sq foot).
The average size of a house on NANSEN ROAD is 88 sq meters (947 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Nares Road |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Spring Lane |