£243,357
This estimated value is based upon the latest sale price for the house of £71,000 on 18 May 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 |
|---|---|
| £71,000 | 18 May 2001 |
| £54,000 | 31 Oct 1996 |
| £49,500 | 16 Aug 1996 |
| Semi-Detached |
| 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 May 2001 the House Price Index for REDCAR AND CLEVELAND was 43.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 242.757%.Applying this 242.757% change to the original purchase price of £71,000 results in an estimated price of approximately £243,357.
| 18 May 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.4 | 148.6 | 242.757 % | £71,000 | £172,357 | £243,357 |
The Postcode Pricing Model uses changes in average sales price within the TS7 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 | 256.017 % | £181,772 | £252,772 |
| 3 Month Average | 186.638 % | £132,512 | £203,512 |
| 6 Month Average | 168.378 % | £119,548 | £190,548 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £152,254 | £150,000 | 17 SPRINGBANK ROAD |
| 29 Sep 2023 | £146,878 | £145,000 | 3 WOODBANK ROAD |
| 16 Jun 2023 | £121,471 | £120,000 | 3 MIDDLEBANK ROAD |
| 5 Aug 2022 | £334,101 | £335,000 | 7 HOLLY HILL CLOSE |
| 3 Aug 2022 | £289,221 | £290,000 | 2 BROOKSBANK CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Longbank Road |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Longbank Road |
| Mar 2024 | Anti-social behaviour | On or near Springbank Road | |
| Mar 2024 | Robbery | Investigation complete; no suspect identified | On or near Holly Hill Close |
| Mar 2024 | Anti-social behaviour | On or near Sunnybank Road |