£417,623
This estimated value is based upon the latest sale price for the house of £280,000 on 18 Dec 2014. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £280,000 | 18 Dec 2014 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 December 2014 the House Price Index for LANCASHIRE was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £280,000 results in an estimated price of approximately £417,623.
| 18 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 148.6 | 49.151 % | £280,000 | £137,623 | £417,623 |
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 | 25.702 % | £71,966 | £351,966 |
| 3 Month Average | 23.551 % | £65,942 | £345,942 |
| 6 Month Average | 26.343 % | £73,760 | £353,760 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £89,567 | £88,000 | FLAT 34 HOMEMILL HOUSE STATION ROAD |
| 16 Jun 2023 | £536,499 | £530,000 | FLAT 32 CLAREMONT HOUSE, 14 AERODROME ROAD |
| 7 Jan 2022 | £221,006 | £210,000 | FLAT 3 PENDLETON HOUSE, 4 PENDLETON PLACE |
| 8 Oct 2021 | £202,485 | £183,000 | FLAT 7 PENDLETON HOUSE, 4 PENDLETON PLACE |
| 25 Aug 2021 | £373,731 | £335,000 | FLAT 3 STOCKTON HOUSE, 21 WARREN ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 26 Feb 2015. Using an estimated price of £417,623 means this house is valued at £4,640 per sq meter (£431 per sq foot).
The average size of a house on DIVISION LANE is 252 sq meters (2,713 sq feet).
This house is the smallest in the street with a floor area of 90 sq meters (968 sq feet).