£278,781
This estimated value is based upon the latest sale price for the house of £199,950 on 16 Dec 2015. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £199,950 | 16 Dec 2015 |
| £130,000 | 3 Jul 2014 |
| £51,500 | 27 Aug 1996 |
| Terraced |
| Freehold |
| Floor Area: 164 sq meters or 1,765 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 December 2015 the House Price Index for CUMBRIA was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £199,950 results in an estimated price of approximately £278,781.
| 16 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 149.7 | 39.426 % | £199,950 | £78,831 | £278,781 |
The Postcode Pricing Model uses changes in average sales price within the CA28 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 | 2.374 % | £4,746 | £204,696 |
| 3 Month Average | 20.446 % | £40,881 | £240,831 |
| 6 Month Average | 23.733 % | £47,454 | £247,404 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £55,858 | £55,000 | 2 LADYPIT TERRACE |
| 1 Mar 2024 | £233,589 | £230,000 | 10 VICTORIA ROAD |
| 15 Dec 2023 | £278,560 | £270,000 | 8 OAKBANK |
| 24 Nov 2023 | £108,761 | £106,000 | 6 YORK TERRACE |
| 22 Sep 2023 | £177,411 | £173,500 | 11 OAKBANK AVENUE |
This house has a floor area of 164 sq meters or 1,765 sq feet when measured on 27 Oct 2014. Using an estimated price of £278,782 means this house is valued at £1,699 per sq meter (£157 per sq foot).
There is one other house on the street which we know the size of, this is 4 MARINE TERRACE it is 168.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Oakbank |
| May 2024 | Violence and sexual offences | Under investigation | On or near Ladypit Terrace |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Victoria Place |
| Jun 2024 | Anti-social behaviour | On or near Victoria Place | |
| Jun 2024 | Anti-social behaviour | On or near Victoria Place |