£864,077
This estimated value is based upon the latest sale price for the house of £495,000 on 20 Nov 2009. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £495,000 | 20 Nov 2009 |
| Terraced |
| Freehold |
| Floor Area: 131 sq meters or 1,412 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 November 2009 the House Price Index for CUMBRIA was 85.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 74.561%.Applying this 74.561% change to the original purchase price of £495,000 results in an estimated price of approximately £864,077.
| 20 Nov 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 148.6 | 74.561 % | £495,000 | £369,077 | £864,077 |
The Postcode Pricing Model uses changes in average sales price within the LA22 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 | -51.651 % | £-255,670 | £239,329 |
| 3 Month Average | -32.724 % | £-161,984 | £333,015 |
| 6 Month Average | 4.317 % | £21,369 | £516,369 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £383,866 | £378,700 | 4 STUDIO HOUSE LAKE ROAD |
| 24 Feb 2023 | £264,822 | £265,000 | 1 STUDIO HOUSE LAKE ROAD |
| 8 Aug 2022 | £897,022 | £899,437 | GALE HOUSE LOW GALE |
| 28 Mar 2022 | £875,642 | £845,000 | 3 LAKE ROAD |
| 17 Feb 2022 | £315,133 | £300,500 | CLOVER COTTAGE LAKE ROAD |
This house has a floor area of 131 sq meters or 1,412 sq feet when measured on 25 Feb 2009. Using an estimated price of £864,077 means this house is valued at £6,586 per sq meter (£611 per sq foot).
The average size of a house on HIGH GALE is 156 sq meters (1,683 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Gala |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cheapside |
| Mar 2024 | Drugs | Under investigation | On or near Cheapside |
| Feb 2024 | Anti-social behaviour | On or near Cheapside | |
| Feb 2024 | Anti-social behaviour | On or near Cheapside |