£255,346
This estimated value is based upon the latest sale price for the house of £247,500 on 8 Dec 2023. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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Price Paid | Date |
---|---|
£247,500 | 8 Dec 2023 |
£209,995 | 24 Nov 2017 |
Detached |
Freehold |
Floor Area: 93 sq meters or 1,001 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 2023 the House Price Index for CUMBRIA was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £247,500 results in an estimated price of approximately £255,346.
8 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.1 | 149.7 | 3.170 % | £247,500 | £7,846 | £255,346 |
The Postcode Pricing Model uses changes in average sales price within the CA2 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 | -24.887 % | £-61,596 | £185,903 |
3 Month Average | -10.440 % | £-25,839 | £221,660 |
6 Month Average | 6.131 % | £15,173 | £262,673 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 May 2024 | £322,500 | £322,500 | 29 GRANGE DRIVE |
8 Dec 2023 | £255,346 | £247,500 | 43 MEADOW LANE |
9 Oct 2023 | £424,645 | £415,000 | 9 DAISY AVENUE |
3 Oct 2023 | £301,856 | £295,000 | 49 MEADOW LANE |
20 Jun 2023 | £313,788 | £307,500 | 27 GRANGE DRIVE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 20 Sep 2018. Using an estimated price of £255,346 means this house is valued at £2,745 per sq meter (£255 per sq foot).
The average size of a house on MEADOW LANE is 140 sq meters (1,517 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Public order | Offender given a caution | On or near Meadow Lane |
May 2024 | Other crime | Awaiting court outcome | On or near Meadow Lane |
Apr 2024 | Anti-social behaviour | On or near Meadow Lane | |
Apr 2024 | Anti-social behaviour | On or near Meadow Lane | |
Apr 2024 | Anti-social behaviour | On or near Meadow Lane |