This estimated value is based upon the latest sale price for the house of £210,000 on 19 Mar 2008. This value is then adjusted by the current Official House Price Index for CUMBRIA1
There have been two burglaries within the last two years on or near Quarry Brow
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|£210,000||19 Mar 2008|
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 March 2008 the House Price Index for CUMBRIA was 269.6.The House Price Index as of 1 Jun 2014 is 228.4 which is a change of -15.286%.
Applying this -15.286% change to the original purchase price of £210,000 gives us an estimated price now of around £177,899.
|19 Mar 2008||1 Jun 2014||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the LA23 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||3.174 %||£6,665||£216,665|
|3 Month Average||50.714 %||£106,498||£316,498|
|6 Month Average||6.891 %||£14,470||£224,470|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In March 2008 the average sale price for the 50 nearest sales within 13 miles of FELLSIDE COTTAGES 3 RAYRIGG ROAD was £231,752.
In June 2014 the average sale price for the 50 nearest sales was £215,819. This is a change of -6.875%.
So taking the original purchase price of £210,000 and adjusting it by -6.875% gives an estimated price of £195,562.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 19 Mar 2008||Average price on 30 Jun 2014||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|19 Feb 2014||£134,662||£135,000||19 QUARRY RIGG|
|29 Jan 2014||£120,237||£120,000||5A QUARRY RIGG|
|6 Aug 2013||£74,616||£75,000||15 FALLBARROW COURT|
|19 Jul 2013||£146,080||£146,000||41A QUARRY RIGG|
|25 Apr 2013||£297,773||£297,000||33 QUARRY BROW|
|Sep 2013||Burglary||On or near Quarry Brow|
|Oct 2012||Burglary||On or near Quarry Brow|
|Sep 2012||Violent crime||On or near Quarry Brow|
|Jul 2012||Violent crime||On or near Quarry Brow|
|Jul 2011||Other crime||On or near Quarry Brow|