This estimated value is based upon the latest sale price for the house of £275,000 on 13 Jul 2007. This value is then adjusted by the current Official House Price Index for LANCASHIRE1
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|£275,000||13 Jul 2007|
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 July 2007 the House Price Index for LANCASHIRE was 113.5.The House Price Index as of 1 Dec 2019 is 115.3 which is a change of 1.630%.
Applying this 1.630% change to the original purchase price of £275,000 gives us an estimated price now of around £279,482.
|13 Jul 2007||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
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||-8.515 %||£-23,416||£251,583|
|3 Month Average||1.821 %||£5,008||£280,008|
|6 Month Average||13.377 %||£36,787||£311,787|
|Date||Current Estimated Value||Price Paid||Address|
|4 Oct 2019||£425,454||£422,000||HIGHER SPEN BARN NOGGARTH ROAD|
|2 Aug 2019||£227,990||£224,950||12 NEWCHURCH VILLAGE|
|1 Aug 2019||£182,433||£180,000||ING END FARM|
|16 Jul 2019||£295,957||£290,000||HEIGHTS COTTAGE HEIGHTS LANE|
|20 May 2019||£310,807||£299,950||HEIGHT TOP COTTAGE STUMP HALL ROAD|