£184,447
This estimated value is based upon the latest sale price for the house of £116,250 on 8 Jun 2007. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £116,250 | 8 Jun 2007 |
| £79,000 | 4 Jun 2004 |
| £45,000 | 26 Apr 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 June 2007 the House Price Index for LANCASHIRE was 93.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.665%.Applying this 58.665% change to the original purchase price of £116,250 results in an estimated price of approximately £184,447.
| 8 Jun 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.7 | 148.6 | 58.665 % | £116,250 | £68,197 | £184,447 |
The Postcode Pricing Model uses changes in average sales price within the LA3 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 | 112.292 % | £130,539 | £246,789 |
| 3 Month Average | 59.620 % | £69,308 | £185,558 |
| 6 Month Average | 27.519 % | £31,991 | £148,241 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jan 2023 | £248,828 | £250,000 | 59 MORECAMBE ROAD |
| 21 Oct 2022 | £239,917 | £242,500 | 50 NORWOOD DRIVE |
| 1 Sep 2022 | £193,438 | £195,000 | 20 HOMFRAY GROVE |
| 22 Jul 2022 | £142,383 | £142,000 | 48A MORECAMBE ROAD |
| 8 Jul 2022 | £120,324 | £120,000 | 86 MORECAMBE ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 17 Nov 2021. Using an estimated price of £184,448 means this house is valued at £2,927 per sq meter (£271 per sq foot).
The average size of a house on MORECAMBE ROAD is 115 sq meters (1,244 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Homfray Grove | |
| Jan 2024 | Anti-social behaviour | On or near Homfray Grove | |
| Jan 2024 | Anti-social behaviour | On or near Homfray Grove | |
| Feb 2024 | Anti-social behaviour | On or near Longton Drive | |
| Feb 2024 | Anti-social behaviour | On or near Longton Drive |