£1,146,034
This estimated value is based upon the latest sale price for the house of £675,000 on 4 Oct 2012. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£675,000 | 4 Oct 2012 |
Detached |
Leasehold |
Floor Area: 218 sq meters or 2,352 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 October 2012 the House Price Index for LANCASHIRE was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.783%.Applying this 69.783% change to the original purchase price of £675,000 results in an estimated price of approximately £1,146,034.
4 Oct 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.5 | 148.6 | 69.783 % | £675,000 | £471,034 | £1,146,034 |
The Postcode Pricing Model uses changes in average sales price within the FY8 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 | 1.296 % | £8,747 | £683,747 |
3 Month Average | 28.168 % | £190,136 | £865,136 |
6 Month Average | 25.320 % | £170,912 | £845,912 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Mar 2024 | £380,000 | £380,000 | 12 BEACH COURT |
24 Feb 2023 | £369,751 | £370,000 | 7 BEACH COURT |
9 Feb 2023 | £317,786 | £318,000 | COURT MEWS COTTAGE, 2 SOUTH WARTON STREET |
12 May 2022 | £2,751,852 | £2,700,000 | 23 EAST BEACH |
14 Apr 2022 | £159,619 | £155,000 | 1 BEACH COURT |
This house has a floor area of 218 sq meters or 2,352 sq feet when measured on 8 Jul 2010. Using an estimated price of £1,146,034 means this house is valued at £5,243 per sq meter (£487 per sq foot).
The average size of a house on EAST BEACH is 159 sq meters (1,715 sq feet).