£321,861
This estimated value is based upon the latest sale price for the house of £70,000 on 31 Dec 1998. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £70,000 | 31 Dec 1998 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 December 1998 the House Price Index for LANCASHIRE was 32.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 359.802%.Applying this 359.802% change to the original purchase price of £70,000 results in an estimated price of approximately £321,861.
| 31 Dec 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.3 | 148.6 | 359.802 % | £70,000 | £251,861 | £321,861 |
The Postcode Pricing Model uses changes in average sales price within the BB7 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 | 245.637 % | £171,945 | £241,945 |
| 3 Month Average | 296.526 % | £207,568 | £277,568 |
| 6 Month Average | 276.307 % | £193,415 | £263,415 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £181,893 | £179,200 | 7 HIGHFIELD ROAD |
| 17 Nov 2023 | £96,428 | £95,000 | 10 MOOR LANE |
| 25 Sep 2023 | £273,497 | £270,000 | 32 - 36 MOOR LANE |
| 18 Aug 2023 | £232,030 | £230,000 | 33 HIGHFIELD ROAD |
| 9 Aug 2023 | £156,368 | £155,000 | 21 MOOR LANE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 12 Oct 2021. Using an estimated price of £321,862 means this house is valued at £5,276 per sq meter (£490 per sq foot).
The average size of a house on MOOR LANE is 93 sq meters (1,009 sq feet).