£614,969
This estimated value is based upon the latest sale price for the house of £165,000 on 1 Aug 2000. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
There has been one burglary within the last year on or near Low Lane
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| Price Paid | Date |
|---|---|
| £165,000 | 1 Aug 2000 |
| Detached |
| 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 August 2000 the House Price Index for REDCAR AND CLEVELAND was 40.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 272.709%.Applying this 272.709% change to the original purchase price of £165,000 results in an estimated price of approximately £614,969.
| 1 Aug 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.2 | 149.7 | 272.709 % | £165,000 | £449,969 | £614,969 |
The Postcode Pricing Model uses changes in average sales price within the TS5 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 | 144.362 % | £238,197 | £403,197 |
| 3 Month Average | 160.558 % | £264,920 | £429,920 |
| 6 Month Average | 172.962 % | £285,387 | £450,387 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Apr 2024 | £186,621 | £185,000 | 4 LINCOMBE DRIVE |
| 22 Nov 2023 | £205,209 | £200,000 | 92 CRADLEY DRIVE |
| 20 Oct 2023 | £209,764 | £205,000 | 57 BELMONT AVENUE |
| 5 Oct 2023 | £209,764 | £205,000 | 34 THE OVAL |
| 15 Aug 2023 | £748,500 | £735,000 | 136 LOW LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Low Lane |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Low Lane |
| Jun 2024 | Anti-social behaviour | On or near Low Lane | |
| Jun 2024 | Anti-social behaviour | On or near Low Lane | |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Low Lane |