£57,376
This estimated value is based upon the latest sale price for the house of £46,000 on 11 May 2018. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£46,000 | 11 May 2018 |
£69,000 | 10 Feb 2006 |
£50,000 | 4 May 2005 |
£29,000 | 7 Dec 2001 |
Terraced |
Leasehold |
Floor Area: 79 sq meters or 850 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 May 2018 the House Price Index for LANCASHIRE was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £46,000 results in an estimated price of approximately £57,376.
11 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.1 | 148.6 | 24.732 % | £46,000 | £11,376 | £57,376 |
The Postcode Pricing Model uses changes in average sales price within the BB12 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 | -19.573 % | £-9,003 | £36,996 |
3 Month Average | -5.503 % | £-2,531 | £43,468 |
6 Month Average | 14.068 % | £6,471 | £52,471 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £61,068 | £60,000 | 10 LUBBOCK STREET |
17 Nov 2023 | £65,977 | £65,000 | 7 COULTATE STREET |
17 Mar 2023 | £60,571 | £60,000 | 21 OAK STREET |
31 Jan 2023 | £79,620 | £79,995 | 22 LIONEL STREET |
3 Oct 2022 | £98,935 | £100,000 | 3 CONISTON STREET |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 11 May 2012. Using an estimated price of £57,377 means this house is valued at £726 per sq meter (£67 per sq foot).
The average size of a house on LIONEL STREET is 89 sq meters (968 sq feet).