£56,063
This estimated value is based upon the latest sale price for the house of £33,500 on 29 Jan 2013. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £33,500 | 29 Jan 2013 |
| £63,000 | 31 Oct 2006 |
| £45,000 | 19 Sep 2003 |
| £11,000 | 28 Jun 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 78 sq meters or 841 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 January 2013 the House Price Index for REDCAR AND CLEVELAND was 87.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 67.354%.Applying this 67.354% change to the original purchase price of £33,500 results in an estimated price of approximately £56,063.
| 29 Jan 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 146.7 | 67.354 % | £33,500 | £22,563 | £56,063 |
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 | 33.740 % | £11,302 | £44,802 |
| 3 Month Average | 14.523 % | £4,865 | £38,365 |
| 6 Month Average | 18.792 % | £6,295 | £39,795 |
This house has a floor area of 78 sq meters or 841 sq feet when measured on 22 Feb 2012.
The average size of a house on STATION ROAD is 74 sq meters (801 sq feet).