£293,270
This estimated value is based upon the latest sale price for the house of £250,000 on 30 Oct 2020. This value is then adjusted by the current Official House Price Index for BLACKBURN WITH DARWEN 1
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| Price Paid | Date |
|---|---|
| £250,000 | 30 Oct 2020 |
| Freehold |
| Floor Area: 34 sq meters or 373 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 2020 the House Price Index for BLACKBURN WITH DARWEN was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £250,000 results in an estimated price of approximately £293,270.
| 30 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £250,000 | £43,270 | £293,270 |
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 | 12.182 % | £30,456 | £280,456 |
| 3 Month Average | 16.960 % | £42,399 | £292,399 |
| 6 Month Average | 4.933 % | £12,333 | £262,333 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £726,354 | £720,000 | JOB CENTRE CARDWELL PLACE |
| 14 Jul 2023 | £152,046 | £150,000 | 3 CORPORATION STREET |
| 20 Jan 2023 | £14,930 | £15,000 | 33 MINCING LANE |
| 11 Nov 2022 | £523,657 | £530,000 | UNIT 1 NAB LANE |
| 16 Sep 2022 | £426,555 | £430,000 | BLAKEY MOOR BUILDING BLAKEY MOOR |
This house has a floor area of 34 sq meters or 373 sq feet when measured on 25 Feb 2010. Using an estimated price of £293,271 means this house is valued at £8,456 per sq meter (£785 per sq foot).