£117,292
This estimated value is based upon the latest sale price for the house of £72,000 on 1 Feb 2007. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
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| Price Paid | Date |
|---|---|
| £72,000 | 1 Feb 2007 |
| Terraced |
| Freehold |
| Floor Area: 144 sq meters or 1,550 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 February 2007 the House Price Index for CUMBRIA was 91.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 62.906%.Applying this 62.906% change to the original purchase price of £72,000 results in an estimated price of approximately £117,292.
| 1 Feb 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.2 | 148.6 | 62.906 % | £72,000 | £45,292 | £117,292 |
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 | 164.346 % | £118,329 | £190,329 |
| 3 Month Average | 54.535 % | £39,265 | £111,265 |
| 6 Month Average | 26.685 % | £19,213 | £91,213 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £100,282 | £99,000 | 50 MAIN STREET |
| 15 Sep 2023 | £83,569 | £82,500 | 52 MAIN STREET |
| 24 Apr 2023 | £80,871 | £80,000 | 8 ST BRIDGETS LANE |
| 3 Mar 2023 | £105,999 | £105,000 | 14 LAMB LANE |
| 24 Feb 2023 | £169,836 | £169,950 | 4 MILL COURT SOUTH STREET |
This house has a floor area of 144 sq meters or 1,550 sq feet when measured on 18 Apr 2013. Using an estimated price of £117,292 means this house is valued at £814 per sq meter (£75 per sq foot).
The average size of a house on MARKET PLACE is 261 sq meters (2,812 sq feet).