£493,387
This estimated value is based upon the latest sale price for the house of £405,000 on 1 May 2020. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £405,000 | 1 May 2020 |
| £195,000 | 21 Dec 2000 |
| £110,000 | 25 Jul 1996 |
| Detached |
| Freehold |
| Floor Area: 127 sq meters or 1,367 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 May 2020 the House Price Index for CUMBRIA was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.824%.Applying this 21.824% change to the original purchase price of £405,000 results in an estimated price of approximately £493,387.
| 1 May 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.824 % | £405,000 | £88,387 | £493,387 |
The Postcode Pricing Model uses changes in average sales price within the LA22 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 | -33.784 % | £-136,824 | £268,175 |
| 3 Month Average | 12.425 % | £50,321 | £455,321 |
| 6 Month Average | 5.576 % | £22,582 | £427,582 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £382,316 | £378,700 | 4 STUDIO HOUSE LAKE ROAD |
| 24 Feb 2023 | £263,753 | £265,000 | 1 STUDIO HOUSE LAKE ROAD |
| 8 Aug 2022 | £893,400 | £899,437 | GALE HOUSE LOW GALE |
| 29 Apr 2022 | £489,231 | £477,000 | HONEY COTTAGE OLD LAKE ROAD |
| 28 Mar 2022 | £872,106 | £845,000 | 3 LAKE ROAD |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 3 Jan 2020. Using an estimated price of £493,388 means this house is valued at £3,884 per sq meter (£360 per sq foot).
The average size of a house on LOWER GALE is 124 sq meters (1,341 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Gala |
| Mar 2024 | Drugs | Under investigation | On or near Cheapside |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cheapside |
| Feb 2024 | Anti-social behaviour | On or near Cheapside | |
| Feb 2024 | Anti-social behaviour | On or near Cheapside |