£112,170
This estimated value is based upon the latest sale price for the house of £82,500 on 12 Feb 2016. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £82,500 | 12 Feb 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 February 2016 the House Price Index for CUMBRIA was 108.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 35.964%.Applying this 35.964% change to the original purchase price of £82,500 results in an estimated price of approximately £112,170.
| 12 Feb 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 148.0 | 35.964 % | £82,500 | £29,670 | £112,170 |
The Postcode Pricing Model uses changes in average sales price within the LA18 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 | 68.148 % | £56,221 | £138,721 |
| 3 Month Average | 18.582 % | £15,330 | £97,830 |
| 6 Month Average | 21.480 % | £17,720 | £100,220 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Mar 2024 | £135,458 | £135,000 | 49 FESTIVAL ROAD |
| 5 Dec 2023 | £117,218 | £115,000 | 19 SETTLE STREET |
| 15 Nov 2023 | £126,626 | £125,000 | 43 SETTLE STREET |
| 17 Jul 2023 | £156,480 | £155,000 | 31 FESTIVAL ROAD |
| 23 Jun 2023 | £161,308 | £160,000 | 41 FESTIVAL ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 10 Apr 2014. Using an estimated price of £112,170 means this house is valued at £1,246 per sq meter (£115 per sq foot).
The average size of a house on FESTIVAL ROAD is 98 sq meters (1,061 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Settle Street |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Leyfield Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Street |
| Mar 2024 | Other theft | Awaiting court outcome | On or near Station Road |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Theatre/Concert Hall |