£185,006
This estimated value is based upon the latest sale price for the house of £150,000 on 12 Jul 2019. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £150,000 | 12 Jul 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 67 sq meters or 721 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 2019 the House Price Index for LANCASHIRE was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £150,000 results in an estimated price of approximately £185,006.
| 12 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £150,000 | £35,006 | £185,006 |
The Postcode Pricing Model uses changes in average sales price within the LA4 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 | 37.341 % | £56,012 | £206,012 |
| 3 Month Average | -0.976 % | £-1,463 | £148,536 |
| 6 Month Average | 30.655 % | £45,982 | £195,982 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £269,668 | £264,950 | 38 HEST BANK ROAD |
| 20 Nov 2023 | £253,757 | £250,000 | 28 ELLIS DRIVE |
| 24 Jul 2023 | £322,338 | £318,000 | 18 ELMS DRIVE |
| 21 Jul 2023 | £310,681 | £306,500 | 12 ELMS DRIVE |
| 2 Jun 2023 | £242,943 | £240,000 | 18 ELLIS DRIVE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 28 Nov 2018. Using an estimated price of £185,006 means this house is valued at £2,761 per sq meter (£256 per sq foot).
The average size of a house on ELLIS DRIVE is 67 sq meters (728 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Local resolution | On or near Ellis Drive |