£25,104
This estimated value is based upon the latest sale price for the house of £19,300 on 17 Nov 2016. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
There has been one burglary within the last year on or near Patten Lane
More crime details
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| Price Paid | Date |
|---|---|
| £19,300 | 17 Nov 2016 |
| 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 November 2016 the House Price Index for REDCAR AND CLEVELAND was 112.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 30.073%.Applying this 30.073% change to the original purchase price of £19,300 results in an estimated price of approximately £25,104.
| 17 Nov 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 146.7 | 30.073 % | £19,300 | £5,804 | £25,104 |
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 | 62.070 % | £11,979 | £31,279 |
| 3 Month Average | 37.834 % | £7,301 | £26,601 |
| 6 Month Average | 25.503 % | £4,922 | £24,222 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Awaiting court outcome | On or near Patten Lane |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Patten Lane |