£88,071
This estimated value is based upon the latest sale price for the house of £46,500 on 7 Jan 2005. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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Price Paid | Date |
---|---|
£46,500 | 7 Jan 2005 |
Terraced |
Freehold |
Floor Area: 78 sq meters or 843 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 January 2005 the House Price Index for CUMBRIA was 79.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 89.400%.Applying this 89.400% change to the original purchase price of £46,500 results in an estimated price of approximately £88,071.
7 Jan 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
79.0 | 149.7 | 89.400 % | £46,500 | £41,571 | £88,071 |
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 | 77.431 % | £36,005 | £82,505 |
3 Month Average | 97.389 % | £45,285 | £91,785 |
6 Month Average | 97.245 % | £45,218 | £91,718 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £63,615 | £62,000 | 68 MELBOURNE STREET |
4 Oct 2023 | £83,906 | £82,000 | 60 CHATSWORTH STREET |
29 Sep 2023 | £82,315 | £80,500 | 27 MELBOURNE STREET |
16 Jun 2023 | £96,943 | £95,000 | 16 ADELAIDE STREET |
8 Mar 2023 | £71,189 | £70,000 | 20 ADELAIDE STREET |
This house has a floor area of 78 sq meters or 843 sq feet when measured on 14 Oct 2011. Using an estimated price of £88,071 means this house is valued at £1,123 per sq meter (£104 per sq foot).
The average size of a house on MELBOURNE STREET is 77 sq meters (830 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Melbourne Street |
Jun 2024 | Anti-social behaviour | On or near Melbourne Street | |
Jun 2024 | Anti-social behaviour | On or near Melbourne Street | |
Jun 2024 | Anti-social behaviour | On or near Melbourne Street | |
Jun 2024 | Anti-social behaviour | On or near Melbourne Street |