£321,413
This estimated value is based upon the latest sale price for the house of £300,000 on 3 Dec 2021. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £300,000 | 3 Dec 2021 |
| £115,000 | 15 Dec 2017 |
| Terraced |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 2021 the House Price Index for LANCASHIRE was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £300,000 results in an estimated price of approximately £321,413.
| 3 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.6 | 7.138 % | £300,000 | £21,413 | £321,413 |
The Postcode Pricing Model uses changes in average sales price within the BB4 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 | -12.638 % | £-37,913 | £262,086 |
| 3 Month Average | 6.194 % | £18,580 | £318,580 |
| 6 Month Average | 7.105 % | £21,314 | £321,314 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £129,913 | £130,000 | 3 LIME TREE GROVE |
| 24 Jun 2022 | £441,236 | £435,000 | 8 HOLLINGREAVE DRIVE |
| 13 May 2022 | £168,118 | £164,950 | 6 HOLLIN GROVE |
| 7 Jan 2022 | £26,310 | £25,000 | 161 BURNLEY ROAD |
| 15 Dec 2021 | £182,134 | £170,000 | 217 BURNLEY ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 4 Aug 2017. Using an estimated price of £321,413 means this house is valued at £3,737 per sq meter (£347 per sq foot).
The average size of a house on BURNLEY ROAD is 106 sq meters (1,146 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Laund Street | |
| Feb 2024 | Anti-social behaviour | On or near Laund Street | |
| Jan 2024 | Anti-social behaviour | On or near Willow Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Willow Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Willow Avenue |