£131,773
This estimated value is based upon the latest sale price for the house of £130,000 on 28 Jul 2023. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £130,000 | 28 Jul 2023 |
| £122,500 | 28 Jan 2011 |
| £52,500 | 16 Oct 1995 |
| Leasehold |
| Floor Area: 65 sq meters or 699 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 July 2023 the House Price Index for LANCASHIRE was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £130,000 results in an estimated price of approximately £131,773.
| 28 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £130,000 | £1,773 | £131,773 |
The Postcode Pricing Model uses changes in average sales price within the LA4 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 | 31.325 % | £40,723 | £170,723 |
| 3 Month Average | -24.327 % | £-31,625 | £98,374 |
| 6 Month Average | 0.039 % | £50 | £130,050 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £201,017 | £197,500 | FLAT 4 PRINCES COURT BARE LANE |
| 22 Nov 2023 | £197,930 | £195,000 | 10 THE PARKS |
| 15 Sep 2023 | £205,123 | £202,500 | FLAT 6 ELMS HALL ELMS ROAD |
| 28 Jul 2023 | £131,774 | £130,000 | 2 BARE LANE |
| 7 Jul 2023 | £187,524 | £185,000 | FLAT 7 PRINCES COURT BARE LANE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 29 Oct 2020. Using an estimated price of £131,774 means this house is valued at £2,027 per sq meter (£188 per sq foot).
The average size of a house on BARE LANE is 103 sq meters (1,110 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Palmer Grove |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Palmer Grove |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Back Princess Crescent |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Back Princess Crescent |
| Jan 2024 | Anti-social behaviour | On or near Princes Crescent |