This estimated value is based upon the latest sale price for the house of £134,000 on 22 Nov 2013. This value is then adjusted by the current Official House Price Index for LANCASHIRE1
Get our free house price tracker.
|£134,000||22 Nov 2013|
|£135,000||27 Nov 2009|
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 2013 the House Price Index for LANCASHIRE was 96.4.The House Price Index as of 1 Jun 2019 is 112.6 which is a change of 16.729%.
Applying this 16.729% change to the original purchase price of £134,000 gives us an estimated price now of around £156,416.
|22 Nov 2013||1 Jun 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||-0.792 %||£-1,061||£132,938|
|3 Month Average||8.200 %||£10,987||£144,987|
|6 Month Average||11.027 %||£14,775||£148,775|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In November 2013 the average sale price for the 50 nearest sales within seven miles of 34 STONEBRIDGE TERRACE was £176,832.
In October 2019 the average sale price for the 25 nearest sales was £142,334. This is a change of -19.509%.
So taking the original purchase price of £134,000 and adjusting it by -19.509% gives an estimated price of £107,858.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 22 Nov 2013||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|12 Aug 2019||£102,000||£102,000||23 LEE STREET|
|24 Jul 2019||£90,000||£90,000||25 LEE STREET|
|19 Jul 2019||£144,000||£144,000||4 LEE STREET|
|12 Jul 2019||£99,950||£99,950||33 LEE STREET|
|28 Jun 2019||£138,000||£138,000||1 LEE STREET|