£177,853
This estimated value is based upon the latest sale price for the house of £83,000 on 1 Jan 2004. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £83,000 | 1 Jan 2004 |
| Terraced |
| Freehold |
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 January 2004 the House Price Index for REDCAR AND CLEVELAND was 69.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 114.281%.Applying this 114.281% change to the original purchase price of £83,000 results in an estimated price of approximately £177,853.
| 1 Jan 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 69.3 | 148.6 | 114.281 % | £83,000 | £94,853 | £177,853 |
The Postcode Pricing Model uses changes in average sales price within the TS12 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 | -11.965 % | £-9,931 | £73,068 |
| 3 Month Average | 65.397 % | £54,279 | £137,279 |
| 6 Month Average | 89.305 % | £74,122 | £157,122 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £356,233 | £350,000 | CASTLE COURT NURSING HOME MARGROVE ROAD |
| 7 Nov 2023 | £142,103 | £139,999 | 84 MARGROVE PARK |
| 14 Sep 2023 | £127,632 | £126,000 | 92 MARGROVE PARK |
| 31 Aug 2023 | £120,050 | £119,000 | 98 MARGROVE PARK |
| 28 Jul 2023 | £136,842 | £135,000 | 64 MARGROVE PARK |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Margrove Park |