£379,675
This estimated value is based upon the latest sale price for the house of £114,500 on 10 Aug 2001. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £114,500 | 10 Aug 2001 |
| Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 August 2001 the House Price Index for REDCAR AND CLEVELAND was 44.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 231.594%.Applying this 231.594% change to the original purchase price of £114,500 results in an estimated price of approximately £379,675.
| 10 Aug 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.8 | 148.6 | 231.594 % | £114,500 | £265,175 | £379,675 |
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 | 145.580 % | £166,688 | £281,188 |
| 3 Month Average | 133.367 % | £152,704 | £267,204 |
| 6 Month Average | 147.087 % | £168,414 | £282,914 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £182,331 | £180,000 | 24 ROMNEY CLOSE |
| 20 May 2022 | £234,366 | £229,950 | 12 HUNDALE CRESCENT |
| 17 Sep 2021 | £172,415 | £160,000 | 8 EAST SCAR |
| 30 Jun 2021 | £136,261 | £127,000 | 28 EAST SCAR |
| 27 Nov 2020 | £220,277 | £190,000 | 1 HAYBURN CLOSE |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 7 Nov 2013. Using an estimated price of £379,675 means this house is valued at £3,013 per sq meter (£279 per sq foot).
The average size of a house on ROMNEY CLOSE is 85 sq meters (921 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near East Scar |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Homerell Close |
| Mar 2024 | Anti-social behaviour | On or near Hundale Crescent | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Hundale Crescent |
| Jan 2024 | Burglary | Under investigation | On or near The Hampstead |