£344,394
This estimated value is based upon the latest sale price for the house of £256,453 on 20 May 2016. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£256,453 | 20 May 2016 |
Detached |
Leasehold |
Floor Area: 114 sq meters or 1,227 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 May 2016 the House Price Index for LANCASHIRE was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £256,453 results in an estimated price of approximately £344,394.
20 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.7 | 148.6 | 34.292 % | £256,453 | £87,941 | £344,394 |
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 | 188.743 % | £484,036 | £740,489 |
3 Month Average | 16.163 % | £41,449 | £297,902 |
6 Month Average | 20.767 % | £53,256 | £309,709 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Feb 2023 | £309,792 | £310,000 | 5 POTTERY GARDENS |
23 Sep 2022 | £137,088 | £138,195 | 12 POTTERY GARDENS |
24 Jun 2022 | £253,584 | £250,000 | 7 COLCHESTER AVENUE |
1 Apr 2022 | £293,493 | £285,000 | 8 COLCHESTER AVENUE |
25 Feb 2022 | £276,855 | £264,000 | 21 COLCHESTER AVENUE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 10 Mar 2016. Using an estimated price of £344,395 means this house is valued at £3,021 per sq meter (£280 per sq foot).
The average size of a house on POTTERY GARDENS is 106 sq meters (1,143 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Shoplifting | Under investigation | On or near Shopping Area |
Mar 2024 | Violence and sexual offences | Local resolution | On or near Shopping Area |
Dec 2023 | Shoplifting | Investigation complete; no suspect identified | On or near Shopping Area |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Pottery Gardens |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Canterbury Avenue |