£150,436
This estimated value is based upon the latest sale price for the house of £28,250 on 17 Dec 1996. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £28,250 | 17 Dec 1996 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 December 1996 the House Price Index for REDCAR AND CLEVELAND was 27.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 432.520%.Applying this 432.520% change to the original purchase price of £28,250 results in an estimated price of approximately £150,436.
| 17 Dec 1996 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.5 | 146.7 | 432.520 % | £28,250 | £122,186 | £150,436 |
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 | 195.407 % | £55,202 | £83,452 |
| 3 Month Average | 245.580 % | £69,376 | £97,626 |
| 6 Month Average | 209.426 % | £59,162 | £87,412 |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 16 Jun 2014.
The average size of a house on SOMERSET ROAD is 99 sq meters (1,069 sq feet).
This house is the smallest in the street with a floor area of 80 sq meters (861 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Somerset Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Somerset Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lincoln Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Devon Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Devon Road |