£178,821
This estimated value is based upon the latest sale price for the house of £135,000 on 28 Oct 2016. This value is then adjusted by the current Official House Price Index for LANCASHIRE 1
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Price Paid | Date |
---|---|
£135,000 | 28 Oct 2016 |
£90,000 | 23 Apr 2003 |
Terraced |
Freehold |
Floor Area: 109 sq meters or 1,173 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 October 2016 the House Price Index for LANCASHIRE was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £135,000 results in an estimated price of approximately £178,821.
28 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.2 | 148.6 | 32.461 % | £135,000 | £43,821 | £178,821 |
The Postcode Pricing Model uses changes in average sales price within the PR7 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 | 17.699 % | £23,894 | £158,894 |
3 Month Average | 31.942 % | £43,122 | £178,122 |
6 Month Average | 31.004 % | £41,855 | £176,855 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £247,836 | £243,500 | 16 RYLANDS ROAD |
5 Jun 2023 | £182,202 | £179,995 | 8 LAWRENCE ROAD |
28 Apr 2023 | £174,883 | £173,000 | 9 LETCHWORTH PLACE |
3 Mar 2023 | £159,503 | £158,000 | 41 DEVONSHIRE ROAD |
10 Feb 2023 | £131,911 | £132,000 | 13 LETCHWORTH PLACE |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 6 Jun 2016. Using an estimated price of £178,822 means this house is valued at £1,640 per sq meter (£152 per sq foot).
The average size of a house on TRINITY ROAD is 141 sq meters (1,524 sq feet).
This house is the largest in the street with a floor area of 109 sq meters (1,173 sq feet).