£831,936
This estimated value is based upon the latest sale price for the house of £490,000 on 12 Oct 2012. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £490,000 | 12 Oct 2012 |
| £450,000 | 1 Aug 2008 |
| £425,000 | 11 Aug 2006 |
| £210,000 | 30 Sep 2002 |
| Detached |
| Freehold |
| Floor Area: 135 sq meters or 1,453 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 October 2012 the House Price Index for REDCAR AND CLEVELAND was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.783%.Applying this 69.783% change to the original purchase price of £490,000 results in an estimated price of approximately £831,936.
| 12 Oct 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.783 % | £490,000 | £341,936 | £831,936 |
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 | -44.812 % | £-219,578 | £270,421 |
| 3 Month Average | 20.341 % | £99,671 | £589,671 |
| 6 Month Average | 21.982 % | £107,713 | £597,713 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £290,298 | £286,000 | 18 LAUREL ROAD |
| 31 Aug 2023 | £249,180 | £247,000 | 1 GILL STREET |
| 1 Aug 2023 | £327,868 | £325,000 | 28 LAUREL ROAD |
| 26 Jul 2023 | £240,233 | £237,000 | 5 GILL STREET |
| 8 Aug 2022 | £252,321 | £253,000 | 2 BEECHWOOD AVENUE |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 17 May 2010. Using an estimated price of £831,936 means this house is valued at £6,162 per sq meter (£572 per sq foot).
The average size of a house on VICTORIA ROAD is 226 sq meters (2,432 sq feet).
This house is the smallest in the street with a floor area of 135 sq meters (1,453 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Victoria Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gill Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Ridge |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Ridge |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Marske Mill Lane |