£395,027
This estimated value is based upon the latest sale price for the house of £385,000 on 24 Nov 2023. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £385,000 | 24 Nov 2023 |
| £245,000 | 1 Mar 2004 |
| Detached |
| Freehold |
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 2023 the House Price Index for CUMBRIA was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £385,000 results in an estimated price of approximately £395,027.
| 24 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £385,000 | £10,027 | £395,027 |
The Postcode Pricing Model uses changes in average sales price within the LA19 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 | -70.130 % | £-270,000 | £114,999 |
| 3 Month Average | -59.278 % | £-228,221 | £156,778 |
| 6 Month Average | -50.329 % | £-193,768 | £191,231 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 May 2024 | £240,000 | £240,000 | FELL VIEW CHAPEL LANE |
| 11 Dec 2023 | £265,147 | £257,000 | ARDMORE CHAPEL LANE |
| 24 Nov 2023 | £395,027 | £385,000 | LANE HOUSE CHURCH LANE |
| 26 Sep 2023 | £230,072 | £225,000 | 3 MILL STREET |
| 13 Mar 2023 | £152,548 | £150,000 | 2 TOWN HEAD COTTAGES |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Summer Hill |
| Jun 2024 | Public order | Unable to prosecute suspect | On or near Summer Hill |