£114,992
This estimated value is based upon the latest sale price for the house of £88,000 on 13 Jan 2017. This value is then adjusted by the current Official House Price Index for STOCKTON-ON-TEES 1
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| Price Paid | Date |
|---|---|
| £88,000 | 13 Jan 2017 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 2017 the House Price Index for STOCKTON-ON-TEES was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £88,000 results in an estimated price of approximately £114,992.
| 13 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 148.6 | 30.673 % | £88,000 | £26,992 | £114,992 |
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 | 17.654 % | £15,535 | £103,535 |
| 3 Month Average | 13.550 % | £11,923 | £99,923 |
| 6 Month Average | 14.458 % | £12,722 | £100,722 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £138,044 | £136,000 | 31 MELROSE AVENUE |
| 3 Aug 2023 | £136,191 | £135,000 | 44 ROCHESTER ROAD |
| 18 Nov 2022 | £98,803 | £100,000 | 40 ROCHESTER ROAD |
| 31 Aug 2022 | £98,734 | £99,000 | 7 ROCHESTER ROAD |
| 8 Jul 2022 | £130,351 | £130,000 | 25 APPLEBY ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 6 Oct 2016. Using an estimated price of £114,992 means this house is valued at £1,249 per sq meter (£116 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 | Criminal damage and arson | Under investigation | 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 | Anti-social behaviour | On or near Melrose Avenue |