£250,543
This estimated value is based upon the latest sale price for the house of £240,000 on 11 Mar 2022. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £240,000 | 11 Mar 2022 |
| £175,500 | 22 Jun 2012 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 March 2022 the House Price Index for CUMBRIA was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £240,000 results in an estimated price of approximately £250,543.
| 11 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £240,000 | £10,543 | £250,543 |
The Postcode Pricing Model uses changes in average sales price within the LA10 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 | 40.639 % | £97,534 | £337,534 |
| 3 Month Average | 41.571 % | £99,769 | £339,769 |
| 6 Month Average | 17.063 % | £40,950 | £280,950 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £400,000 | £400,000 | HIGH BEECH THORNS LANE |
| 21 Dec 2023 | £268,243 | £260,000 | 2 SETTLEBECK COTTAGES |
| 30 Oct 2023 | £214,880 | £210,000 | 47 CASTLEGARTH |
| 27 Oct 2023 | £286,507 | £280,000 | 8 CASTLEHAW |
| 19 Oct 2023 | £460,458 | £450,000 | RAWTHEYSIDE CAUTLEY ROAD |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 20 Aug 2021. Using an estimated price of £250,544 means this house is valued at £2,432 per sq meter (£225 per sq foot).
The average size of a house on THORNSBANK is 112 sq meters (1,206 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Thornsbank |
| Jul 2024 | Violence and sexual offences | Local resolution | On or near Castlegarth |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Maryfell |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Winfield Road |
| Sep 2024 | Burglary | Unable to prosecute suspect | On or near Davis Yard |