£187,523
This estimated value is based upon the latest sale price for the house of £185,000 on 21 Jul 2023. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £185,000 | 21 Jul 2023 |
| £130,000 | 1 Sep 2016 |
| £72,000 | 28 Feb 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 July 2023 the House Price Index for CUMBRIA was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £185,000 results in an estimated price of approximately £187,523.
| 21 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £185,000 | £2,523 | £187,523 |
The Postcode Pricing Model uses changes in average sales price within the CA11 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 | -36.127 % | £-66,835 | £118,164 |
| 3 Month Average | 5.247 % | £9,707 | £194,707 |
| 6 Month Average | 4.373 % | £8,089 | £193,089 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £85,750 | £85,000 | NORTH FRIARAGE FRIARGATE |
| 7 Aug 2023 | £171,500 | £170,000 | 25 FOLLY LANE |
| 21 Jul 2023 | £187,524 | £185,000 | 5 FOLLY LANE |
| 7 Jun 2023 | £161,962 | £160,000 | 27 FRIARS RISE |
| 23 Feb 2023 | £94,936 | £95,000 | 3 HUTTON COURT BENSON ROW |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 26 Aug 2016. Using an estimated price of £187,524 means this house is valued at £2,757 per sq meter (£256 per sq foot).
The average size of a house on FOLLY LANE is 80 sq meters (870 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Friars Road |
| Mar 2024 | Public order | Under investigation | On or near Friars Road |
| Feb 2024 | Possession of weapons | Unable to prosecute suspect | On or near Friars Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Friars Road |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Friars Road |