£42,014
This estimated value is based upon the latest sale price for the house of £23,000 on 26 Sep 2005. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £23,000 | 26 Sep 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 September 2005 the House Price Index for REDCAR AND CLEVELAND was 81.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.671%.Applying this 82.671% change to the original purchase price of £23,000 results in an estimated price of approximately £42,014.
| 26 Sep 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.3 | 148.6 | 82.671 % | £23,000 | £19,014 | £42,014 |
The Postcode Pricing Model uses changes in average sales price within the TS6 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 | 120.558 % | £27,728 | £50,728 |
| 3 Month Average | 56.425 % | £12,977 | £35,977 |
| 6 Month Average | 97.678 % | £22,465 | £45,465 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Mar 2024 | £45,500 | £45,500 | 47 SOMERSET ROAD |
| 4 Aug 2023 | £63,556 | £63,000 | 6 ARUNDEL ROAD |
| 21 Apr 2023 | £85,925 | £85,000 | 3 CARDIGAN CLOSE |
| 11 Apr 2023 | £75,816 | £75,000 | 23 SOMERSET ROAD |
| 3 Apr 2023 | £54,588 | £54,000 | 29 CHEDDAR CLOSE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 28 Dec 2014. Using an estimated price of £42,014 means this house is valued at £500 per sq meter (£46 per sq foot).
There is one other house on the street which we know the size of, this is 3 CAERNARVON CLOSE it is 86.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Cheddar Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cheddar Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cheddar Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cheddar Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cheddar Close |