£82,940
This estimated value is based upon the latest sale price for the house of £68,000 on 30 Jan 2020. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £68,000 | 30 Jan 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 January 2020 the House Price Index for LANCASHIRE was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £68,000 results in an estimated price of approximately £82,940.
| 30 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £68,000 | £14,940 | £82,940 |
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 | 73.616 % | £50,059 | £118,059 |
| 3 Month Average | 17.441 % | £11,860 | £79,860 |
| 6 Month Average | 21.947 % | £14,923 | £82,923 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £161,513 | £160,100 | 4 SAMUELS COURT |
| 24 Aug 2023 | £226,986 | £225,000 | 65 MOORGATE |
| 7 Aug 2023 | £207,818 | £206,000 | 45 PARK ROAD |
| 28 Apr 2023 | £126,361 | £125,000 | 17 PARK SQUARE |
| 13 Mar 2023 | £135,274 | £134,000 | 54 MELROSE STREET |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 6 Feb 2020. Using an estimated price of £82,941 means this house is valued at £1,508 per sq meter (£140 per sq foot).
The average size of a house on PARK SQUARE is 84 sq meters (908 sq feet).