£61,322
This estimated value is based upon the latest sale price for the house of £50,000 on 6 Nov 2019. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £50,000 | 6 Nov 2019 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 November 2019 the House Price Index for REDCAR AND CLEVELAND was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £50,000 results in an estimated price of approximately £61,322.
| 6 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £50,000 | £11,322 | £61,322 |
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 | 53.288 % | £26,643 | £76,643 |
| 3 Month Average | 26.618 % | £13,309 | £63,309 |
| 6 Month Average | 15.663 % | £7,831 | £57,831 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jul 2023 | £72,982 | £72,000 | 9 CORNWALL ROAD |
| 1 Mar 2023 | £252,378 | £250,000 | 63 THAMES AVENUE |
| 11 Jul 2022 | £127,844 | £127,500 | 16 CORNWALL ROAD |
| 24 Jun 2022 | £118,677 | £117,000 | 15 CORNWALL ROAD |
| 1 Jun 2022 | £93,319 | £92,000 | 68 DORSET ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 2 May 2019. Using an estimated price of £61,322 means this house is valued at £738 per sq meter (£68 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Hutton Lane | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hutton Lane |
| Mar 2024 | Anti-social behaviour | On or near Hutton Lane | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hutton Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Kent Road |