£459,067
This estimated value is based upon the latest sale price for the house of £305,000 on 4 Sep 2014. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £305,000 | 4 Sep 2014 |
| Detached |
| Freehold |
| Floor Area: 369 sq meters or 3,971 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 September 2014 the House Price Index for LANCASHIRE was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £305,000 results in an estimated price of approximately £459,067.
| 4 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £305,000 | £154,067 | £459,067 |
The Postcode Pricing Model uses changes in average sales price within the FY4 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 | 25.190 % | £76,830 | £381,830 |
| 3 Month Average | 23.407 % | £71,392 | £376,392 |
| 6 Month Average | 30.329 % | £92,504 | £397,504 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £126,878 | £125,000 | 2 MIDGELAND TERRACE SCHOOL ROAD |
| 21 Aug 2023 | £504,408 | £499,995 | BROOKVALE DIVISION LANE |
| 14 Apr 2023 | £706,608 | £699,000 | VINE HOUSE DIVISION LANE |
| 10 Feb 2023 | £659,556 | £660,000 | 560 MIDGELAND ROAD |
| 30 Aug 2022 | £334,101 | £335,000 | 506 MIDGELAND ROAD |
This house has a floor area of 369 sq meters or 3,971 sq feet when measured on 11 May 2021. Using an estimated price of £459,067 means this house is valued at £1,244 per sq meter (£115 per sq foot).
The average size of a house on DIVISION LANE is 252 sq meters (2,718 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Division Lane | |
| Mar 2024 | Anti-social behaviour | On or near Division Lane | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Division Lane |
| Feb 2024 | Public order | Under investigation | On or near Division Lane |
| Jan 2024 | Anti-social behaviour | On or near Division Lane |