£313,794
This estimated value is based upon the latest sale price for the house of £255,000 on 14 Aug 2019. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£255,000 | 14 Aug 2019 |
Flats/Maisonettes |
Leasehold |
Floor Area: 114 sq meters or 1,227 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 2019 the House Price Index for LANCASHIRE was 120.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.056%.Applying this 23.056% change to the original purchase price of £255,000 results in an estimated price of approximately £313,794.
14 Aug 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.8 | 148.6 | 23.056 % | £255,000 | £58,794 | £313,794 |
The Postcode Pricing Model uses changes in average sales price within the FY8 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 | -12.292 % | £-31,344 | £223,655 |
3 Month Average | 9.295 % | £23,703 | £278,703 |
6 Month Average | 4.446 % | £11,337 | £266,337 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £177,630 | £175,000 | FLAT 5 THE WHITE HOUSE, 9 HORNBY ROAD |
30 Jun 2023 | £185,244 | £183,000 | 24 ORCHID COURT, 35 - 37 SOUTH PROMENADE |
21 Jun 2023 | £283,433 | £280,000 | FLAT 6 DEVERE GARDENS, 49 SOUTH PROMENADE |
11 Nov 2022 | £365,572 | £370,000 | FLAT 18 DEVERE GARDENS, 49 SOUTH PROMENADE |
25 Apr 2022 | £386,175 | £375,000 | FLAT 25 DEVERE GARDENS, 49 SOUTH PROMENADE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 12 Sep 2017. Using an estimated price of £313,794 means this house is valued at £2,752 per sq meter (£255 per sq foot).
The average size of a house on SOUTH PROMENADE is 118 sq meters (1,278 sq feet).