£128,313
This estimated value is based upon the latest sale price for the house of £82,500 on 31 Mar 2008. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £82,500 | 31 Mar 2008 |
| £80,000 | 19 Mar 2002 |
| £68,000 | 15 Jan 1999 |
| £70,000 | 9 Oct 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 March 2008 the House Price Index for REDCAR AND CLEVELAND was 94.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 55.531%.Applying this 55.531% change to the original purchase price of £82,500 results in an estimated price of approximately £128,313.
| 31 Mar 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 146.7 | 55.531 % | £82,500 | £45,813 | £128,313 |
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 | -9.169 % | £-7,564 | £74,935 |
| 3 Month Average | 19.272 % | £15,899 | £98,399 |
| 6 Month Average | 18.736 % | £15,457 | £97,957 |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 4 Sep 2019.
The average size of a house on WESTGATE is 86 sq meters (928 sq feet).