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37, Lark Street, Farnworth, Bolton, Greater Manchester, BL4 9JR See map
37 Lark Street is a 460 square foot terraced house with a valuation of £83,000.
Since the house was last sold in November 2018 for £59,500, its value has risen by £23,500.
Valuation Trends
Sold house prices and home valuation trends over time
Learn about how we value property
Property Summary
House features, location, and investment performance
37 Lark Street is a leasehold terraced house, built in 1991-1995. A 2013 survey recorded the property as having 460 square feet of floor space and space for 1 bedroom.
The property was a good investment for its previous owner, who made a £13,500 profit between February 2016 and November 2018.
Investment
37, Lark Street, Farnworth, Bolton, Greater Manchester BL4 9JR
Sold House Prices
Timeline of sold house prices and cost per square foot
Since 37 Lark Street's first recorded sale in 2000, the house's price has risen by £58,050 or 10% per year.
During the same period, the price of an average home on Lark Street increased by £74,000 or 13% per year, and the average UK home increased by 10% per year.
- Current valuation£83,000
Terraced house leasehold, £180 per square foot
+ 39% - Sold November 2018£59,500
Terraced house leasehold, £129 per square foot
+ 29% - Sold February 2016£46,000
Terraced house leasehold, £100 per square foot
+ 84% - Sold June 2000£24,950
Terraced house leasehold, £54 per square foot
Valuation Comparison
Comparison of local and national house prices
House Prices in Lark Street start at £58,000 for the cheapest property on the street, rising to £247,000 for the most expensive.
37 Lark Street is worth 16% less than the £98,000 average property on Lark Street and 72% less than the £300,000 average home in England.
Average Terraced House Prices in North West England
AREA
VALUE
Difference
37 Lark Street
£83,000
Cost per square foot valuation
Using local prices per square foot as benchmarks for valuation
When valuing this property, one factor we consider is the average cost per square foot (CPSF) for terraced houses in the area. Based on this metric alone, the property's valuation would be £75,000.
Our valuation is at the higher end of the £141 to £185 CPSF you would have to pay for a typical terraced house in Lark Street. Factors such as features and outdoor space affect CPSF, with past sale prices reflecting these differences.
Area
Cost per sq ft
Difference
37 Lark Street
£180
Recently sold nearby
View allEnergy Efficiency
Energy usage and efficiency compared to the average terraced house in England and Wales. Figures from a 2013 survey
PROPERTY
Average terraced
EPC Rating
Energy efficiency
D
D
Energy consumption
kWh per year
18,000
20,000
CO₂ emissions
Tonnes per year
3.2
3.6
Learn about Energy Performance Certificates (EPCs)
Valuation details
Property valuation details and commonly asked questions
In this section
- What condition is the property in?
- How is the property valuation estimated?
- Where are the figures sourced?
- What should I do if the details are incorrect?
What condition is the property in?
At a sale price of £83,000, the property’s cost per square foot indicates a better condition than the neighbouring properties or that it possesses additional features to warrant the higher price.
Making home improvements could increase the cost per square foot within the £141 to £185 per square foot range we typically see for terraced houses in Lark Street, increasing the property's value.
How is the property valuation estimated?
Every month, our Automated Valuation Model (AVM) determines property values.
Our AVM collects data from reputable sources, like HM Land Registry, and uses the data to estimate what each property is worth.
In our tests, we have found that the sale price of a property falls within our AVM's confidence range in most cases. However, there are scenarios where the valuations are not accurate. For example, if significant alterations have been made to a property recently or if a property is unique with few comparables.
For more details on the workings of our AVM, including its strengths, limitations, and how it measures up to traditional valuation methods, please refer to our guide 'How We Value Property'.
We try to make the valuations as accurate as possible, but they are estimates. When buying or selling property, you should speak to a qualified professional.
Where are the figures sourced?
Sold house prices, and data on property types/tenures, are sourced from the HM Land Registry.
There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.
Other property details, such as energy efficiency, are estimates from a 2013 property survey.
What should I do if the details are incorrect?
We generate all our property valuations programmatically. They cannot be manually edited based on new information, such as evidence of redevelopment.
If sold property prices or property types are incorrect, you should verify them with HM Land Registry. You can notify HM Land Registry of any errors.
If any other property details are incorrect or out-of-date, they will update automatically when next surveyed.
You can verify property details related to energy efficiency.
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