£162,764
This estimated value is based upon the latest sale price for the house of £36,500 on 15 Feb 1999. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
There has been one burglary within the last year on or near Meadow Close
More crime details
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| Price Paid | Date |
|---|---|
| £36,500 | 15 Feb 1999 |
| Terraced |
| Leasehold |
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 February 1999 the House Price Index for REDCAR AND CLEVELAND was 32.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 345.930%.Applying this 345.930% change to the original purchase price of £36,500 results in an estimated price of approximately £162,764.
| 15 Feb 1999 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.9 | 146.7 | 345.930 % | £36,500 | £126,264 | £162,764 |
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 | 203.473 % | £74,267 | £110,767 |
| 3 Month Average | 252.943 % | £92,324 | £128,824 |
| 6 Month Average | 231.245 % | £84,404 | £120,904 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Unable to prosecute suspect | On or near Meadow Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grosvenor Place |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Grosvenor Place |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cross Street |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Cross Street |