£170,825
This estimated value is based upon the latest sale price for the house of £129,950 on 29 Jul 2016. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £129,950 | 29 Jul 2016 |
| £90,000 | 30 Apr 2015 |
| Terraced |
| Freehold |
| Floor Area: 123 sq meters or 1,323 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 July 2016 the House Price Index for REDCAR AND CLEVELAND was 111.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.455%.Applying this 31.455% change to the original purchase price of £129,950 results in an estimated price of approximately £170,825.
| 29 Jul 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 146.7 | 31.455 % | £129,950 | £40,875 | £170,825 |
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 | 10.669 % | £13,864 | £143,814 |
| 3 Month Average | 4.614 % | £5,995 | £135,945 |
| 6 Month Average | 11.437 % | £14,862 | £144,812 |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 22 Jan 2015.
The average size of a house on LUMLEY ROAD is 115 sq meters (1,238 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near Lumley Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lumley Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lumley Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Lumley Road |
| Mar 2024 | Anti-social behaviour | On or near Southampton Street |