£119,829
This estimated value is based upon the latest sale price for the house of £97,000 on 31 Jan 2019. This value is then adjusted by the current Official House Price Index for STOCKTON-ON-TEES 1
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| Price Paid | Date |
|---|---|
| £97,000 | 31 Jan 2019 |
| £78,000 | 14 Mar 2014 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 sq feet |
This model uses changes in the Official Land Registry House Price Index for STOCKTON-ON-TEES to estimate the market value.
When this house was purchased in January 2019 the House Price Index for STOCKTON-ON-TEES was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £97,000 results in an estimated price of approximately £119,829.
| 31 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.536 % | £97,000 | £22,829 | £119,829 |
The Postcode Pricing Model uses changes in average sales price within the TS23 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 | 46.996 % | £45,586 | £142,586 |
| 3 Month Average | 22.241 % | £21,573 | £118,573 |
| 6 Month Average | 13.409 % | £13,006 | £110,006 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £138,044 | £136,000 | 31 MELROSE AVENUE |
| 29 Aug 2023 | £151,324 | £150,000 | 18 RAVENSWORTH ROAD |
| 31 Aug 2022 | £98,734 | £99,000 | 7 ROCHESTER ROAD |
| 29 Jul 2022 | £104,531 | £104,250 | 42 SKIPTON ROAD |
| 22 Jul 2022 | £87,235 | £87,000 | 17 SKIPTON ROAD |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 9 Jul 2013. Using an estimated price of £119,829 means this house is valued at £1,316 per sq meter (£122 per sq foot).
The average size of a house on MELROSE AVENUE is 96 sq meters (1,037 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Melrose Avenue | |
| Apr 2024 | Anti-social behaviour | On or near Melrose Avenue | |
| Apr 2024 | Anti-social behaviour | On or near Melrose Avenue | |
| Apr 2024 | Anti-social behaviour | On or near Melrose Avenue | |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Melrose Avenue |