£129,074
This estimated value is based upon the latest sale price for the house of £103,000 on 22 Jun 2018. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £103,000 | 22 Jun 2018 |
| £94,000 | 24 Sep 2004 |
| £78,000 | 27 Feb 2004 |
| £44,950 | 26 May 2000 |
| Terraced |
| Freehold |
| Floor Area: 132 sq meters or 1,420 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 June 2018 the House Price Index for CUMBRIA was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £103,000 results in an estimated price of approximately £129,074.
| 22 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £103,000 | £26,074 | £129,074 |
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 | -2.779 % | £-2,862 | £100,137 |
| 3 Month Average | 4.993 % | £5,142 | £108,142 |
| 6 Month Average | 11.480 % | £11,824 | £114,824 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £281,199 | £275,000 | ST JOHNS VICARAGE JAMES WATT TERRACE |
| 2 Sep 2023 | £155,435 | £152,009 | PORT OFFICE ASSOCIATED BRITISH PORTS RAMSDEN DOCK ROAD |
| 25 Aug 2023 | £157,847 | £155,000 | 17 JAMES WATT TERRACE |
| 17 Mar 2023 | £95,596 | £94,000 | 4 JAMES WATT TERRACE |
| 3 Mar 2023 | £84,852 | £83,435 | 17E EGERTON COURT |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 13 Mar 2017. Using an estimated price of £129,074 means this house is valued at £977 per sq meter (£90 per sq foot).
The average size of a house on JAMES WATT TERRACE is 114 sq meters (1,236 sq feet).