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 268.7.The House Price Index as of 1 May 2015 is 229.1 which is a change of -14.718%.
Applying this -14.718% change to the original purchase price of £210,000 gives us an estimated price now of around £179,091.
|19 Mar 2008||1 May 2015||% 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||-11.315 %||£-23,762||£186,237|
|3 Month Average||32.493 %||£68,234||£278,234|
|6 Month Average||6.196 %||£13,012||£223,012|
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 May 2015 the average sale price for the 6 nearest sales was £312,228. This is a change of 34.725%.
So taking the original purchase price of £210,000 and adjusting it by 34.725% gives an estimated price of £282,922.
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 29 May 2015||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|30 Apr 2015||£140,685||£140,000||29 QUARRY RIGG|
|10 Apr 2015||£128,124||£127,500||48 QUARRY RIGG|
|16 Feb 2015||£139,731||£138,000||31A QUARRY RIGG|
|23 Dec 2014||£121,437||£121,000||20A QUARRY RIGG|
|17 Oct 2014||£123,686||£125,000||FLAT 32A QUARRY RIGG|
|Mar 2015||Violence and sexual offences||Offender given a caution||On or near Quarry Rigg|
|Mar 2015||Violence and sexual offences||Offender given community sentence||On or near Quarry Rigg|
|Mar 2015||Drugs||Offender given a drugs possession warning||On or near Theatre/Concert Hall|
|Feb 2015||Shoplifting||Under investigation||On or near Theatre/Concert Hall|
|Mar 2015||Anti-social behaviour||On or near Fallbarrow Road|