£67,953
This estimated value is based upon the latest sale price for the house of £55,000 on 27 Nov 2019. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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Price Paid | Date |
---|---|
£55,000 | 27 Nov 2019 |
£67,500 | 11 May 2006 |
£57,500 | 11 Nov 2005 |
Terraced |
Freehold |
Floor Area: 91 sq meters or 979 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 2019 the House Price Index for CUMBRIA was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £55,000 results in an estimated price of approximately £67,953.
27 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.2 | 149.7 | 23.552 % | £55,000 | £12,953 | £67,953 |
The Postcode Pricing Model uses changes in average sales price within the LA14 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 | -11.366 % | £-6,251 | £48,748 |
3 Month Average | 10.631 % | £5,846 | £60,846 |
6 Month Average | 13.042 % | £7,173 | £62,173 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Jun 2023 | £70,411 | £69,000 | 23 ST VINCENT STREET |
7 Jun 2023 | £71,431 | £70,000 | 8 KEITH STREET |
26 Apr 2023 | £107,001 | £105,000 | 20 PARADE STREET |
15 Sep 2022 | £57,462 | £57,500 | 8 ST VINCENT STREET |
29 Apr 2022 | £108,929 | £105,000 | 27 PARADE STREET |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 15 Nov 2018. Using an estimated price of £67,954 means this house is valued at £746 per sq meter (£69 per sq foot).
The average size of a house on PARADE STREET is 108 sq meters (1,162 sq feet).