£169,770
This estimated value is based upon the latest sale price for the house of £170,000 on 27 Jul 2022. This value is then adjusted by the current Official House Price Index for CUMBERLAND 1
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| Price Paid | Date |
|---|---|
| £170,000 | 27 Jul 2022 |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for CUMBERLAND to estimate the market value.
When this house was purchased in July 2022 the House Price Index for CUMBERLAND was 148.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.135%.Applying this -0.135% change to the original purchase price of £170,000 results in an estimated price of approximately £169,770.
| 27 Jul 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 148.0 | -0.135 % | £170,000 | £-229 | £169,770 |
The Postcode Pricing Model uses changes in average sales price within the CA22 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 | -40.921 % | £-69,566 | £100,433 |
| 3 Month Average | 15.255 % | £25,934 | £195,934 |
| 6 Month Average | 30.269 % | £51,458 | £221,458 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2023 | £80,599 | £80,000 | 8 ST BRIDGETS LANE |
| 3 Mar 2023 | £105,571 | £105,000 | 14 LAMB LANE |
| 24 Feb 2023 | £169,150 | £169,950 | 4 MILL COURT SOUTH STREET |
| 11 Aug 2022 | £30,792 | £31,000 | 22 MARKET PLACE |
| 27 Jul 2022 | £169,771 | £170,000 | 9 MARKET PLACE |