£424,348
This estimated value is based upon the latest sale price for the house of £250,000 on 16 Apr 2010. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£250,000 | 16 Apr 2010 |
£280,000 | 13 Oct 2004 |
£125,000 | 23 Sep 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 117 sq meters or 1,269 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 April 2010 the House Price Index for LANCASHIRE was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.740%.Applying this 69.740% change to the original purchase price of £250,000 results in an estimated price of approximately £424,348.
16 Apr 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.5 | 148.6 | 69.740 % | £250,000 | £174,348 | £424,348 |
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 | -1.054 % | £-2,633 | £247,366 |
3 Month Average | 28.080 % | £70,199 | £320,199 |
6 Month Average | 23.149 % | £57,872 | £307,872 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Dec 2023 | £279,897 | £275,000 | FLAT 10 THE SPINNAKERS, 87 SOUTH PROMENADE |
14 Jul 2023 | £346,666 | £342,000 | FLAT 5 HILLCLIFFE, 95 SOUTH PROMENADE |
17 Mar 2022 | £145,077 | £140,000 | FLAT 1 LYSTRA COURT, 103 - 107 SOUTH PROMENADE |
17 Feb 2022 | £176,181 | £168,000 | 15 THE ATRIUM, 25 FAIRHAVEN ROAD |
16 Feb 2022 | £187,716 | £179,000 | FLAT 2 QUAY WEST, 91 SOUTH PROMENADE |
This house has a floor area of 117 sq meters or 1,269 sq feet when measured on 28 Oct 2009. Using an estimated price of £424,349 means this house is valued at £3,598 per sq meter (£334 per sq foot).
The average size of a house on SOUTH PROMENADE is 118 sq meters (1,278 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Fairhaven Road |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Fairhaven Road |