£220,757
This estimated value is based upon the latest sale price for the house of £86,000 on 22 Nov 2002. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £86,000 | 22 Nov 2002 |
| Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 November 2002 the House Price Index for CUMBRIA was 57.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 156.695%.Applying this 156.695% change to the original purchase price of £86,000 results in an estimated price of approximately £220,757.
| 22 Nov 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 57.9 | 148.6 | 156.695 % | £86,000 | £134,757 | £220,757 |
The Postcode Pricing Model uses changes in average sales price within the LA13 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 | 106.035 % | £91,190 | £177,190 |
| 3 Month Average | 160.775 % | £138,266 | £224,266 |
| 6 Month Average | 149.456 % | £128,532 | £214,532 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £253,757 | £250,000 | 6 LITCHMEAD GROVE |
| 31 Aug 2023 | £166,456 | £165,000 | 100 HOLLOW LANE |
| 11 Aug 2023 | £221,942 | £220,000 | 52 HOLLOW LANE |
| 12 Jul 2023 | £180,428 | £178,000 | 9 MONKS VALE GROVE |
| 28 Apr 2023 | £293,156 | £290,000 | 33 PROSPECT ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 11 Nov 2013. Using an estimated price of £220,758 means this house is valued at £3,024 per sq meter (£280 per sq foot).
The average size of a house on HOLLOW LANE is 96 sq meters (1,040 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Litchmead Grove | |
| Feb 2024 | Anti-social behaviour | On or near Litchmead Grove | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Sports/Recreation Area |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |