£137,891
This estimated value is based upon the latest sale price for the house of £80,000 on 12 Dec 2011. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £80,000 | 12 Dec 2011 |
| £57,500 | 29 Aug 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 792 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 2011 the House Price Index for REDCAR AND CLEVELAND was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £80,000 results in an estimated price of approximately £137,891.
| 12 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.365 % | £80,000 | £57,891 | £137,891 |
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 | 41.550 % | £33,239 | £113,239 |
| 3 Month Average | 23.643 % | £18,914 | £98,914 |
| 6 Month Average | 22.832 % | £18,265 | £98,265 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Nov 2023 | £142,104 | £140,000 | 49 STANLEY GROVE |
| 17 Aug 2023 | £127,112 | £126,000 | 52 LABURNUM ROAD |
| 16 Aug 2023 | £139,218 | £138,000 | 3 LABURNUM ROAD |
| 4 Aug 2023 | £110,971 | £110,000 | 80 LABURNUM ROAD |
| 3 Jul 2023 | £126,705 | £125,000 | 5 LABURNUM ROAD |
This house has a floor area of 73 sq meters or 792 sq feet when measured on 28 Oct 2009. Using an estimated price of £137,892 means this house is valued at £1,873 per sq meter (£174 per sq foot).
The average size of a house on LABURNUM ROAD is 83 sq meters (898 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Cedar Grove |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cedar Grove |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Cedar Grove |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Lime Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Hazel Grove |