£319,450
This estimated value is based upon the latest sale price for the house of £200,000 on 20 Jan 2014. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £200,000 | 20 Jan 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 94 sq meters or 1,011 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 January 2014 the House Price Index for LANCASHIRE was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £200,000 results in an estimated price of approximately £319,450.
| 20 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.6 | 59.725 % | £200,000 | £119,450 | £319,450 |
The Postcode Pricing Model uses changes in average sales price within the LA4 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 | 67.030 % | £134,059 | £334,059 |
| 3 Month Average | 0.405 % | £809 | £200,809 |
| 6 Month Average | 36.399 % | £72,797 | £272,797 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £201,017 | £197,500 | FLAT 4 PRINCES COURT BARE LANE |
| 22 Nov 2023 | £197,930 | £195,000 | 10 THE PARKS |
| 15 Sep 2023 | £205,123 | £202,500 | FLAT 6 ELMS HALL ELMS ROAD |
| 28 Jul 2023 | £131,774 | £130,000 | 2 BARE LANE |
| 7 Jul 2023 | £187,524 | £185,000 | FLAT 7 PRINCES COURT BARE LANE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 7 Aug 2014. Using an estimated price of £319,451 means this house is valued at £3,398 per sq meter (£315 per sq foot).
The average size of a house on ELMS ROAD is 99 sq meters (1,065 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Princes Crescent | |
| Feb 2024 | Anti-social behaviour | On or near Princes Crescent | |
| Jan 2024 | Anti-social behaviour | On or near Princes Crescent | |
| Jan 2024 | Anti-social behaviour | On or near Princes Crescent | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Palmer Grove |