£422,830
This estimated value is based upon the latest sale price for the house of £345,000 on 2 Aug 2019. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £345,000 | 2 Aug 2019 |
| £310,000 | 3 Sep 2014 |
| Detached |
| Freehold |
| Floor Area: 132 sq meters or 1,420 sq feet |
This model uses changes in the Official Land Registry House Price Index for REDCAR AND CLEVELAND to estimate the market value.
When this house was purchased in August 2019 the House Price Index for REDCAR AND CLEVELAND was 120.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.560%.Applying this 22.560% change to the original purchase price of £345,000 results in an estimated price of approximately £422,830.
| 2 Aug 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.0 | 22.560 % | £345,000 | £77,830 | £422,830 |
The Postcode Pricing Model uses changes in average sales price within the TS14 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 | 17.792 % | £61,383 | £406,383 |
| 3 Month Average | 23.868 % | £82,344 | £427,344 |
| 6 Month Average | 13.921 % | £48,026 | £393,026 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jan 2022 | £299,249 | £285,500 | 48 MACKIE DRIVE |
| 12 Nov 2021 | £163,188 | £151,500 | 15 LONGWORTH WAY |
| 29 Mar 2021 | £280,479 | £253,000 | 46 MACKIE DRIVE |
| 16 Oct 2020 | £280,403 | £240,000 | 38 MACKIE DRIVE |
| 19 Aug 2020 | £477,690 | £400,000 | 14 MONKTON RISE |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 24 Mar 2014. Using an estimated price of £422,831 means this house is valued at £3,203 per sq meter (£297 per sq foot).
The average size of a house on PEGMAN CLOSE is 182 sq meters (1,959 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Pegman Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Pegman Close |
| Mar 2024 | Anti-social behaviour | On or near Monkton Rise | |
| Mar 2024 | Anti-social behaviour | On or near Monkton Rise | |
| Feb 2024 | Anti-social behaviour | On or near Morrison Road |