£582,574
This estimated value is based upon the latest sale price for the house of £285,000 on 2 Apr 2004. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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| Price Paid | Date |
|---|---|
| £285,000 | 2 Apr 2004 |
| £215,000 | 19 Sep 2002 |
| 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 April 2004 the House Price Index for LANCASHIRE was 72.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 104.412%.Applying this 104.412% change to the original purchase price of £285,000 results in an estimated price of approximately £582,574.
| 2 Apr 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 72.7 | 148.6 | 104.412 % | £285,000 | £297,574 | £582,574 |
The Postcode Pricing Model uses changes in average sales price within the BB4 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 | 59.645 % | £169,987 | £454,987 |
| 3 Month Average | 95.417 % | £271,937 | £556,937 |
| 6 Month Average | 103.256 % | £294,278 | £579,278 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £420,375 | £415,000 | THORN HOUSE THE CRESCENT |
| 29 Mar 2023 | £121,141 | £120,000 | 1049A BURNLEY ROAD EAST |
| 1 Apr 2022 | £190,513 | £185,000 | WINDY BANK COTTAGE BURNLEY ROAD EAST |
| 17 Feb 2022 | £78,652 | £75,000 | 7 TERRA COTTA BUILDINGS |
| 17 Dec 2021 | £259,809 | £242,500 | 34 DEAN LANE |