£299,993
This estimated value is based upon the latest sale price for the house of £140,000 on 9 Jan 2004. This value is then adjusted by the current Official House Price Index for BLACKPOOL 1
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| Price Paid | Date |
|---|---|
| £140,000 | 9 Jan 2004 |
| £71,000 | 2 Jun 2003 |
| Terraced |
| Freehold |
| Floor Area: 278 sq meters or 2,992 sq feet |
This model uses changes in the Official Land Registry House Price Index for BLACKPOOL to estimate the market value.
When this house was purchased in January 2004 the House Price Index for BLACKPOOL was 69.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 114.281%.Applying this 114.281% change to the original purchase price of £140,000 results in an estimated price of approximately £299,993.
| 9 Jan 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 69.3 | 148.6 | 114.281 % | £140,000 | £159,993 | £299,993 |
The Postcode Pricing Model uses changes in average sales price within the FY1 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 | 44.717 % | £62,603 | £202,603 |
| 3 Month Average | 29.790 % | £41,705 | £181,705 |
| 6 Month Average | 55.932 % | £78,304 | £218,304 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £61,068 | £60,000 | 47 BANKS STREET |
| 5 Sep 2023 | £146,878 | £145,000 | 27 LORD STREET |
| 12 Apr 2023 | £303,265 | £300,000 | 2 DICKSON ROAD |
| 23 Jan 2023 | £228,922 | £230,000 | 9 - 11 LORD STREET |
| 20 Jan 2023 | £115,456 | £116,000 | 54 SPRINGFIELD ROAD |
This house has a floor area of 278 sq meters or 2,992 sq feet when measured on 14 Apr 2014. Using an estimated price of £299,993 means this house is valued at £1,079 per sq meter (£100 per sq foot).
The average size of a house on SPRINGFIELD ROAD is 222 sq meters (2,399 sq feet).