£169,048
This estimated value is based upon the latest sale price for the house of £166,000 on 1 Aug 2023. This value is then adjusted by the current Official House Price Index for STOCKTON-ON-TEES 1
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| Price Paid | Date |
|---|---|
| £166,000 | 1 Aug 2023 |
| £164,995 | 1 Mar 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 119 sq meters or 1,280 sq feet |
This model uses changes in the Official Land Registry House Price Index for STOCKTON-ON-TEES to estimate the market value.
When this house was purchased in August 2023 the House Price Index for STOCKTON-ON-TEES was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £166,000 results in an estimated price of approximately £169,048.
| 1 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £166,000 | £3,048 | £169,048 |
The Postcode Pricing Model uses changes in average sales price within the TS20 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 | 59.319 % | £98,469 | £264,469 |
| 3 Month Average | -6.661 % | £-11,057 | £154,942 |
| 6 Month Average | -10.007 % | £-16,611 | £149,388 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £162,497 | £160,000 | 10 SMAILES CLOSE |
| 1 Aug 2023 | £169,049 | £166,000 | 2 GIBSON ROAD |
| 5 Jun 2023 | £173,476 | £170,000 | 6 BLAIR CLOSE |
| 24 Feb 2023 | £181,210 | £180,000 | 2 SMAILES CLOSE |
| 27 Jan 2023 | £195,522 | £195,000 | 20 BLAIR CLOSE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 5 Feb 2019. Using an estimated price of £169,049 means this house is valued at £1,420 per sq meter (£131 per sq foot).
The average size of a house on GIBSON ROAD is 90 sq meters (971 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Fossick Road |
| Jun 2024 | Vehicle crime | Under investigation | On or near Gibson Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Blair Close |
| Apr 2024 | Burglary | Unable to prosecute suspect | On or near Blair Close |
| Jun 2024 | Possession of weapons | Unable to prosecute suspect | On or near Hills Drive |