£344,696
This estimated value is based upon the latest sale price for the house of £199,995 on 25 Nov 2011. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £199,995 | 25 Nov 2011 |
| Detached |
| Freehold |
| Floor Area: 44 sq meters or 475 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 November 2011 the House Price Index for LANCASHIRE was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.352%.Applying this 72.352% change to the original purchase price of £199,995 results in an estimated price of approximately £344,696.
| 25 Nov 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.352 % | £199,995 | £144,701 | £344,696 |
The Postcode Pricing Model uses changes in average sales price within the L39 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 | 72.787 % | £145,569 | £345,564 |
| 3 Month Average | 38.958 % | £77,914 | £277,909 |
| 6 Month Average | 42.715 % | £85,427 | £285,422 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £278,562 | £275,000 | 10 MERCHANT ROAD |
| 16 Jun 2023 | £239,400 | £236,500 | 7 SCHOOL HOUSE GREEN |
| 3 Mar 2023 | £52,999 | £52,500 | 3 SPINNER MEWS |
| 10 Feb 2023 | £224,799 | £224,950 | 17 MEADOW BANK |
| 7 Feb 2023 | £229,845 | £230,000 | 17 MULBERRY CLOSE |
This house has a floor area of 44 sq meters or 475 sq feet when measured on 13 Nov 2011. Using an estimated price of £344,696 means this house is valued at £7,798 per sq meter (£724 per sq foot).
The average size of a house on MERCHANT ROAD is 79 sq meters (858 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Warpers Way |
| Mar 2024 | Public order | Under investigation | On or near Mulberry Close |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Mulberry Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Mulberry Close |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Pinfold Road |