£543,391
This estimated value is based upon the latest sale price for the house of £550,000 on 16 Sep 2022. This value is then adjusted by the current Official House Price Index for CUMBRIA 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£550,000 | 16 Sep 2022 |
£230,000 | 12 Mar 2015 |
Detached |
Freehold |
Floor Area: 139 sq meters or 1,496 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 September 2022 the House Price Index for CUMBRIA was 149.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -1.202%.Applying this -1.202% change to the original purchase price of £550,000 results in an estimated price of approximately £543,391.
16 Sep 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
149.8 | 148.0 | -1.202 % | £550,000 | £-6,608 | £543,391 |
The Postcode Pricing Model uses changes in average sales price within the LA15 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 | 43.325 % | £238,286 | £788,286 |
3 Month Average | 10.480 % | £57,640 | £607,640 |
6 Month Average | -7.436 % | £-40,896 | £509,103 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Sep 2022 | £543,391 | £550,000 | 41 STATION ROAD |
6 Sep 2022 | £123,498 | £125,000 | 3 STATION MEWS |
11 Jul 2022 | £124,831 | £125,000 | 118 MARKET STREET |
10 Jun 2022 | £353,584 | £350,000 | 9 ROMNEY ROAD |
19 Apr 2022 | £95,385 | £93,000 | 103 MARKET STREET |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 23 Jun 2021. Using an estimated price of £543,391 means this house is valued at £3,909 per sq meter (£363 per sq foot).
The average size of a house on STATION ROAD is 123 sq meters (1,330 sq feet).