£54,111
This estimated value is based upon the latest sale price for the house of £43,500 on 11 Jun 2018. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £43,500 | 11 Jun 2018 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 June 2018 the House Price Index for LANCASHIRE was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £43,500 results in an estimated price of approximately £54,111.
| 11 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £43,500 | £10,611 | £54,111 |
The Postcode Pricing Model uses changes in average sales price within the WN8 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 | 7.244 % | £3,151 | £46,651 |
| 3 Month Average | 12.304 % | £5,352 | £48,852 |
| 6 Month Average | 39.266 % | £17,080 | £60,580 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £52,000 | £52,000 | 164 ACREGATE |
| 19 Dec 2023 | £65,140 | £64,000 | 62 BANKFIELD |
| 1 Dec 2023 | £56,997 | £56,000 | 163 BANKSBARN |
| 17 Aug 2023 | £69,609 | £69,000 | 152 BANKSBARN |
| 17 Aug 2023 | £90,794 | £90,000 | 68 ACREGATE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 15 Oct 2018. Using an estimated price of £54,111 means this house is valued at £644 per sq meter (£59 per sq foot).
The average size of a house on BANKSBARN is 87 sq meters (937 sq feet).