This estimated value is based upon the latest sale price for the house of £117,350 on 4 Apr 2008. This value is then adjusted by the current Official House Price Index for LANCASHIRE1
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|£117,350||4 Apr 2008|
|£51,950||24 Apr 1998|
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 April 2008 the House Price Index for LANCASHIRE was 110.1.The House Price Index as of 1 Dec 2019 is 115.3 which is a change of 4.786%.
Applying this 4.786% change to the original purchase price of £117,350 gives us an estimated price now of around £122,966.
|4 Apr 2008||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the PR3 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||-19.922 %||£-23,378||£93,971|
|3 Month Average||7.216 %||£8,467||£125,817|
|6 Month Average||3.497 %||£4,103||£121,453|
|Date||Current Estimated Value||Price Paid||Address|
|22 Jan 2020||£130,000||£130,000||74 DERBY ROAD|
|29 Nov 2019||£131,719||£130,500||34 LEE STREET|
|29 Nov 2019||£112,037||£111,000||27 PRESTON ROAD|
|12 Aug 2019||£103,379||£102,000||23 LEE STREET|
|24 Jul 2019||£91,849||£90,000||25 LEE STREET|