£910,070
This estimated value is based upon the latest sale price for the house of £495,000 on 8 Jul 2005. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £495,000 | 8 Jul 2005 |
| Detached |
| Freehold |
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 2005 the House Price Index for LANCASHIRE was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.853%.Applying this 83.853% change to the original purchase price of £495,000 results in an estimated price of approximately £910,070.
| 8 Jul 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 83.853 % | £495,000 | £415,070 | £910,070 |
The Postcode Pricing Model uses changes in average sales price within the L40 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 | 94.235 % | £466,462 | £961,462 |
| 3 Month Average | 35.375 % | £175,105 | £670,105 |
| 6 Month Average | 57.884 % | £286,524 | £781,524 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £268,432 | £265,000 | 72 MERE BROW LANE |
| 3 Mar 2023 | £197,864 | £196,000 | 58 MERE BROW LANE |
| 27 May 2022 | £377,106 | £370,000 | OAKFIELD THE MARSHES LANE |
| 9 Feb 2022 | £388,017 | £370,000 | 7 SMITHY LANE |
| 7 Feb 2022 | £471,913 | £450,000 | MERE FARM SANDY WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Mere Lane | |
| Dec 2023 | Anti-social behaviour | On or near Mere Lane | |
| Dec 2023 | Anti-social behaviour | On or near Mere Lane | |
| Dec 2023 | Anti-social behaviour | On or near Mere Lane | |
| Mar 2024 | Anti-social behaviour | On or near Smithy Lane |