£48,291
This estimated value is based upon the latest sale price for the house of £36,000 on 25 Jul 2016. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £36,000 | 25 Jul 2016 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 sq feet |
This model uses changes in the Official Land Registry House Price Index for CUMBRIA to estimate the market value.
When this house was purchased in July 2016 the House Price Index for CUMBRIA was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £36,000 results in an estimated price of approximately £48,291.
| 25 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.143 % | £36,000 | £12,291 | £48,291 |
The Postcode Pricing Model uses changes in average sales price within the CA15 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 | 45.891 % | £16,520 | £52,520 |
| 3 Month Average | 55.709 % | £20,055 | £56,055 |
| 6 Month Average | 27.386 % | £9,859 | £45,859 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Aug 2024 | £80,000 | £80,000 | 1 GREENWOOD TERRACE |
| 24 Jul 2024 | £63,000 | £63,000 | 13 BOYD STREET |
| 14 Jun 2024 | £135,000 | £135,000 | 47 DERWENT AVENUE |
| 28 Mar 2024 | £113,748 | £112,000 | 6 ELIZABETH TERRACE |
| 28 Mar 2024 | £97,498 | £96,000 | 21 GREENWOOD TERRACE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 15 May 2013. Using an estimated price of £48,292 means this house is valued at £689 per sq meter (£64 per sq foot).
The average size of a house on GRASMERE TERRACE is 110 sq meters (1,184 sq feet).
This house is the smallest in the street with a floor area of 70 sq meters (753 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Brooklands Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brooklands Avenue |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Grasmere Terrace |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Grasmere Terrace |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grasmere Terrace |