£242,370
This estimated value is based upon the latest sale price for the house of £162,500 on 5 Dec 2014. This value is then adjusted by the current Official House Price Index for BLACKBURN WITH DARWEN 1
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Price Paid | Date |
---|---|
£162,500 | 5 Dec 2014 |
£160,000 | 2 Jun 2005 |
£139,939 | 17 Dec 2004 |
Detached |
Freehold |
Floor Area: 97 sq meters or 1,044 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 December 2014 the House Price Index for BLACKBURN WITH DARWEN was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £162,500 results in an estimated price of approximately £242,370.
5 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.6 | 148.6 | 49.151 % | £162,500 | £79,870 | £242,370 |
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 | 45.221 % | £73,484 | £235,984 |
3 Month Average | 39.640 % | £64,414 | £226,914 |
6 Month Average | 31.654 % | £51,437 | £213,937 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Dec 2023 | £292,111 | £287,000 | 15 DOUGLAS CLOSE |
17 Nov 2023 | £243,607 | £240,000 | 27 PARKES WAY |
18 Aug 2023 | £237,074 | £235,000 | 33 PARKES WAY |
26 May 2022 | £226,263 | £222,000 | 6 CAMPBELL CLOSE |
23 Jul 2021 | £258,585 | £225,000 | 10 HENDRY LANE |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 7 Aug 2014. Using an estimated price of £242,371 means this house is valued at £2,498 per sq meter (£232 per sq foot).
The average size of a house on PARKES WAY is 127 sq meters (1,371 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Public order | Under investigation | On or near Hendry Lane |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Hendry Lane |