£162,259
This estimated value is based upon the latest sale price for the house of £115,000 on 14 Aug 2015. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £115,000 | 14 Aug 2015 |
| £107,500 | 8 Aug 2005 |
| £58,000 | 13 May 2002 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 August 2015 the House Price Index for CUMBRIA was 104.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 41.095%.Applying this 41.095% change to the original purchase price of £115,000 results in an estimated price of approximately £162,259.
| 14 Aug 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 146.7 | 41.095 % | £115,000 | £47,259 | £162,259 |
The Postcode Pricing Model uses changes in average sales price within the CA1 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 | -25.613 % | £-29,454 | £85,545 |
| 3 Month Average | 21.287 % | £24,480 | £139,480 |
| 6 Month Average | 33.411 % | £38,422 | £153,422 |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 13 May 2015.
The average size of a house on MELBOURNE ROAD is 94 sq meters (1,014 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Melbourne Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Road |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Melbourne Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Melbourne Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Raven Street |