£114,739
This estimated value is based upon the latest sale price for the house of £90,000 on 28 Jul 2017. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £90,000 | 28 Jul 2017 |
| £27,000 | 30 Nov 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 66 sq meters or 710 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 July 2017 the House Price Index for LANCASHIRE was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £90,000 results in an estimated price of approximately £114,739.
| 28 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £90,000 | £24,739 | £114,739 |
The Postcode Pricing Model uses changes in average sales price within the LA1 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 | 21.205 % | £19,084 | £109,084 |
| 3 Month Average | 7.832 % | £7,048 | £97,048 |
| 6 Month Average | 21.439 % | £19,295 | £109,295 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £136,386 | £134,000 | 33 WHALLEY ROAD |
| 28 Jul 2023 | £136,842 | £135,000 | 47 BEAUMONT PLACE |
| 16 Jun 2023 | £242,943 | £240,000 | 4 GREEN LANE |
| 25 Oct 2022 | £183,029 | £185,000 | 8 TAN HILL DRIVE |
| 29 Jul 2022 | £172,464 | £172,000 | 3 TAN HILL DRIVE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 7 Feb 2017. Using an estimated price of £114,740 means this house is valued at £1,738 per sq meter (£161 per sq foot).
The average size of a house on RICHMOND AVENUE is 82 sq meters (885 sq feet).
This house is the smallest in the street with a floor area of 66 sq meters (710 sq feet).