£149,273
This estimated value is based upon the latest sale price for the house of £120,000 on 28 Jun 2018. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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Price Paid | Date |
---|---|
£120,000 | 28 Jun 2018 |
Semi-Detached |
Freehold |
Floor Area: 76 sq meters or 818 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 June 2018 the House Price Index for REDCAR AND CLEVELAND was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £120,000 results in an estimated price of approximately £149,273.
28 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.5 | 148.6 | 24.394 % | £120,000 | £29,273 | £149,273 |
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 | 68.344 % | £82,012 | £202,012 |
3 Month Average | 55.748 % | £66,898 | £186,898 |
6 Month Average | 38.356 % | £46,026 | £166,026 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Dec 2023 | £151,653 | £149,000 | 1 PROSPECT PLACE |
1 Dec 2023 | £178,116 | £175,000 | 80 WESTGATE |
22 Sep 2023 | £121,554 | £120,000 | 3 HOLLYTREE MEWS |
15 Sep 2023 | £230,446 | £227,500 | 8 BECKSIDE GARDENS |
29 Aug 2023 | £130,138 | £129,000 | 4 CLEVELAND STREET |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 15 Nov 2016. Using an estimated price of £149,273 means this house is valued at £1,964 per sq meter (£182 per sq foot).
The average size of a house on WESTGATE is 86 sq meters (928 sq feet).