£73,586
This estimated value is based upon the latest sale price for the house of £60,000 on 12 Nov 2019. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £60,000 | 12 Nov 2019 |
| 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 November 2019 the House Price Index for REDCAR AND CLEVELAND was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £60,000 results in an estimated price of approximately £73,586.
| 12 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £60,000 | £13,586 | £73,586 |
The Postcode Pricing Model uses changes in average sales price within the TS6 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 | 21.365 % | £12,819 | £72,819 |
| 3 Month Average | -20.969 % | £-12,581 | £47,418 |
| 6 Month Average | 5.884 % | £3,530 | £63,530 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Sep 2023 | £96,230 | £95,000 | 53 BANKFIELDS ROAD |
| 23 Jun 2023 | £75,920 | £75,000 | 45 MOORCOCK CLOSE |
| 23 Jun 2023 | £89,585 | £88,500 | 2 YEARBY CLOSE |
| 6 Mar 2023 | £53,504 | £53,000 | 77 WOODCOCK CLOSE |
| 25 Jan 2023 | £52,752 | £53,000 | 96 WOODCOCK CLOSE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 1 Oct 2019. Using an estimated price of £73,587 means this house is valued at £919 per sq meter (£85 per sq foot).
The average size of a house on WOODCOCK CLOSE is 83 sq meters (903 sq feet).