£5,977
This estimated value is based upon the latest sale price for the house of £4,425 on 7 Mar 2016. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £4,425 | 7 Mar 2016 |
| £234,995 | 20 Feb 2014 |
| Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 March 2016 the House Price Index for LANCASHIRE was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £4,425 results in an estimated price of approximately £5,977.
| 7 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £4,425 | £1,552 | £5,977 |
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 | 27.057 % | £1,197 | £5,622 |
| 3 Month Average | 43.097 % | £1,907 | £6,332 |
| 6 Month Average | 23.452 % | £1,037 | £5,462 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £182,705 | £180,000 | 9 NELSON STREET |
| 21 Aug 2023 | £332,912 | £330,000 | 10 MEADOWLANDS |
| 18 Aug 2023 | £190,164 | £188,500 | 31 NELSON STREET |
| 31 Jul 2023 | £172,319 | £170,000 | 6 NELSON STREET |
| 28 Apr 2023 | £195,101 | £193,000 | 4 UNION STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 28 Jan 2014. Using an estimated price of £5,977 means this house is valued at £79 per sq meter (£7 per sq foot).
The average size of a house on CHAPEL CLOSE is 131 sq meters (1,414 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Chapel Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Chapel Close |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near High Street |
| Mar 2024 | Violence and sexual offences | Local resolution | On or near High Street |
| Jan 2024 | Violence and sexual offences | Local resolution | On or near High Street |