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
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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 105.5.The House Price Index as of 1 Oct 2016 is 106.1 which is a change of 0.618%.
Applying this 0.618% change to the original purchase price of £210,000 gives us an estimated price now of around £211,297.
|19 Mar 2008||1 Oct 2016||% 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||-0.292 %||£-613||£209,386|
|3 Month Average||17.285 %||£36,298||£246,298|
|6 Month Average||11.520 %||£24,192||£234,192|
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 November 2016 the average sale price for the 8 nearest sales was £329,018. This is a change of 41.970%.
So taking the original purchase price of £210,000 and adjusting it by 41.970% gives an estimated price of £298,136.
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 Nov 2016||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|8 Sep 2016||£155,713||£157,500||39A QUARRY RIGG|
|25 Jul 2016||£233,613||£232,500||18 FALLBARROW COURT|
|31 Mar 2016||£142,539||£140,500||46A QUARRY RIGG|
|15 Dec 2015||£275,533||£270,000||2 QUEENS SQUARE|
|27 Nov 2015||£128,177||£125,000||24A QUARRY RIGG|
|Sep 2016||Other theft||Investigation complete; no suspect identified||On or near Theatre/Concert Hall|
|Aug 2016||Shoplifting||Investigation complete; no suspect identified||On or near Parking Area|
|Aug 2016||Anti-social behaviour||On or near Parking Area|
|Oct 2016||Criminal damage and arson||Under investigation||On or near Shopping Area|
|Oct 2016||Public order||Under investigation||On or near Petrol Station|