£160,603
This estimated value is based upon the latest sale price for the house of £74,950 on 23 Jan 2004. This value is then adjusted by the current Official House Price Index for BLACKBURN WITH DARWEN 1
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| Price Paid | Date |
|---|---|
| £74,950 | 23 Jan 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 sq feet |
This model uses changes in the Official Land Registry House Price Index for BLACKBURN WITH DARWEN to estimate the market value.
When this house was purchased in January 2004 the House Price Index for BLACKBURN WITH DARWEN was 69.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 114.281%.Applying this 114.281% change to the original purchase price of £74,950 results in an estimated price of approximately £160,603.
| 23 Jan 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 69.3 | 148.6 | 114.281 % | £74,950 | £85,653 | £160,603 |
The Postcode Pricing Model uses changes in average sales price within the BB1 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 | 118.089 % | £88,507 | £163,457 |
| 3 Month Average | 145.721 % | £109,218 | £184,168 |
| 6 Month Average | 146.105 % | £109,505 | £184,455 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £65,977 | £65,000 | FLAT 8 EAST PARK COURT, 12 EAST PARK ROAD |
| 31 Mar 2023 | £272,568 | £270,000 | 79 PRESTON NEW ROAD |
| 13 Jan 2023 | £358,312 | £360,000 | 20A SHEAR BANK ROAD |
| 9 Sep 2022 | £59,519 | £60,000 | FLAT 7 EAST PARK COURT, 12 EAST PARK ROAD |
| 22 Aug 2022 | £134,638 | £135,000 | 7 WOODLANDS CORNER LILFORD ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 16 Jan 2014. Using an estimated price of £160,604 means this house is valued at £2,920 per sq meter (£271 per sq foot).
The average size of a house on LILFORD ROAD is 82 sq meters (892 sq feet).