£285,219
This estimated value is based upon the latest sale price for the house of £228,495 on 26 Apr 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 |
|---|---|
| £228,495 | 26 Apr 2018 |
| Detached |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 April 2018 the House Price Index for REDCAR AND CLEVELAND was 119.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.825%.Applying this 24.825% change to the original purchase price of £228,495 results in an estimated price of approximately £285,219.
| 26 Apr 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 148.6 | 24.825 % | £228,495 | £56,724 | £285,219 |
The Postcode Pricing Model uses changes in average sales price within the TS10 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 | 32.116 % | £73,382 | £301,877 |
| 3 Month Average | 16.649 % | £38,042 | £266,537 |
| 6 Month Average | 9.942 % | £22,717 | £251,212 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £302,648 | £300,000 | 7 WHEATLANDS PARK |
| 20 Jul 2023 | £243,274 | £240,000 | 7 STORR CLOSE |
| 3 Aug 2022 | £443,805 | £445,000 | 3 WHEATLANDS PARK |
| 27 Apr 2022 | £149,321 | £145,000 | 12 COLWYN CLOSE |
| 13 Apr 2022 | £576,687 | £560,000 | 11 WHEATLANDS PARK |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 13 Nov 2017. Using an estimated price of £285,219 means this house is valued at £2,852 per sq meter (£264 per sq foot).
The average size of a house on REDCAR LANE is 103 sq meters (1,114 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Dartmouth Grove |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alderman Close |
| Jan 2024 | Vehicle crime | Suspect charged as part of another case | On or near Alderman Close |