£80,015
This estimated value is based upon the latest sale price for the house of £70,000 on 21 Dec 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 |
|---|---|
| £70,000 | 21 Dec 2020 |
| £1,036,231 | 21 Jan 2019 |
| 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 December 2020 the House Price Index for REDCAR AND CLEVELAND was 129.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.308%.Applying this 14.308% change to the original purchase price of £70,000 results in an estimated price of approximately £80,015.
| 21 Dec 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.0 | 14.308 % | £70,000 | £10,015 | £80,015 |
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 | 9.425 % | £6,597 | £76,597 |
| 3 Month Average | 6.311 % | £4,417 | £74,417 |
| 6 Month Average | 5.297 % | £3,707 | £73,707 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £142,700 | £140,000 | 2 MILBANK TERRACE |
| 10 Aug 2023 | £905,506 | £900,000 | 2 HIGH STREET |
| 28 Jul 2023 | £199,386 | £197,500 | 16 WEST TERRACE |
| 14 Apr 2023 | £62,464 | £62,000 | 26 WESTBOURNE GROVE |
| 1 Aug 2022 | £153,960 | £155,000 | 24 MILBANK TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Milbank Terrace |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Milbank Terrace |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Milbank Terrace |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Milbank Terrace |
| Mar 2024 | Anti-social behaviour | On or near Milbank Terrace |