£73,415
This estimated value is based upon the latest sale price for the house of £61,500 on 22 Jul 2020. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £61,500 | 22 Jul 2020 |
| £102,000 | 28 Mar 2008 |
| Terraced |
| 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 July 2020 the House Price Index for REDCAR AND CLEVELAND was 122.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 19.374%.Applying this 19.374% change to the original purchase price of £61,500 results in an estimated price of approximately £73,415.
| 22 Jul 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 146.7 | 19.374 % | £61,500 | £11,915 | £73,415 |
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 | -24.234 % | £-14,904 | £46,595 |
| 3 Month Average | -8.470 % | £-5,209 | £56,290 |
| 6 Month Average | 13.883 % | £8,537 | £70,037 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near South Street |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near South Street |
| Dec 2023 | Drugs | Awaiting court outcome | On or near South Street |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Edwards Street |
| Mar 2024 | Public order | Under investigation | On or near Edwards Street |