£184,948
This estimated value is based upon the latest sale price for the house of £110,000 on 13 Aug 2012. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £110,000 | 13 Aug 2012 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 909 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 2012 the House Price Index for REDCAR AND CLEVELAND was 87.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.135%.Applying this 68.135% change to the original purchase price of £110,000 results in an estimated price of approximately £184,948.
| 13 Aug 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 146.7 | 68.135 % | £110,000 | £74,948 | £184,948 |
The Postcode Pricing Model uses changes in average sales price within the TS14 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 | 18.889 % | £20,777 | £130,777 |
| 3 Month Average | 36.921 % | £40,612 | £150,612 |
| 6 Month Average | 28.488 % | £31,336 | £141,336 |
This house has a floor area of 84 sq meters or 909 sq feet when measured on 11 Nov 2010.
The average size of a house on PARK LANE is 93 sq meters (1,007 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grosvenor Place |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Grosvenor Place |
| Mar 2024 | Anti-social behaviour | On or near Park Lane | |
| Mar 2024 | Anti-social behaviour | On or near Park Lane | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Lane |