£85,987
This estimated value is based upon the latest sale price for the house of £52,000 on 22 Aug 2013. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £52,000 | 22 Aug 2013 |
| £16,000 | 20 Feb 1998 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 August 2013 the House Price Index for LANCASHIRE was 89.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 65.360%.Applying this 65.360% change to the original purchase price of £52,000 results in an estimated price of approximately £85,987.
| 22 Aug 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 148.6 | 65.360 % | £52,000 | £33,987 | £85,987 |
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 | 4.631 % | £2,408 | £54,408 |
| 3 Month Average | 10.900 % | £5,668 | £57,668 |
| 6 Month Average | 40.348 % | £20,981 | £72,981 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Aug 2023 | £75,662 | £75,000 | 3 CARFIELD |
| 24 Feb 2023 | £139,906 | £140,000 | 107 CASTLEHEY |
| 26 Aug 2022 | £107,211 | £107,500 | 27 CASTLEHEY |
| 4 Feb 2022 | £59,776 | £57,000 | 156 CASTLEHEY |
| 13 Aug 2021 | £81,440 | £73,000 | 33 CARFIELD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 11 Apr 2013. Using an estimated price of £85,987 means this house is valued at £988 per sq meter (£91 per sq foot).
The average size of a house on CASTLEHEY is 94 sq meters (1,019 sq feet).