£158,835
This estimated value is based upon the latest sale price for the house of £130,000 on 11 Dec 2019. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £130,000 | 11 Dec 2019 |
| Terraced |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 2019 the House Price Index for CUMBRIA was 121.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.181%.Applying this 22.181% change to the original purchase price of £130,000 results in an estimated price of approximately £158,835.
| 11 Dec 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.0 | 22.181 % | £130,000 | £28,835 | £158,835 |
The Postcode Pricing Model uses changes in average sales price within the LA15 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 | -11.187 % | £-14,543 | £115,456 |
| 3 Month Average | 14.945 % | £19,428 | £149,428 |
| 6 Month Average | 12.257 % | £15,934 | £145,934 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £277,248 | £275,000 | 7 GREYSTONE MOUNT |
| 16 Sep 2022 | £543,391 | £550,000 | 41 STATION ROAD |
| 6 Sep 2022 | £123,498 | £125,000 | 3 STATION MEWS |
| 13 Jun 2022 | £186,894 | £185,000 | 5 JUNIPER CLOSE |
| 10 Jun 2022 | £353,584 | £350,000 | 9 ROMNEY ROAD |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 27 Mar 2014. Using an estimated price of £158,835 means this house is valued at £1,498 per sq meter (£139 per sq foot).
There is one other house on the street which we know the size of, this is 2 RAILWAY TERRACE it is 120.0