£153,111
This estimated value is based upon the latest sale price for the house of £115,000 on 5 Aug 2016. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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Price Paid | Date |
---|---|
£115,000 | 5 Aug 2016 |
£83,000 | 15 Jun 2012 |
Terraced |
Freehold |
Floor Area: 80 sq meters or 861 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 2016 the House Price Index for REDCAR AND CLEVELAND was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £115,000 results in an estimated price of approximately £153,111.
5 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.6 | 148.6 | 33.141 % | £115,000 | £38,111 | £153,111 |
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 | 22.005 % | £25,305 | £140,305 |
3 Month Average | 16.073 % | £18,484 | £133,484 |
6 Month Average | 10.933 % | £12,572 | £127,572 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2023 | £116,728 | £115,000 | 22 LINCOLN ROAD |
25 Sep 2023 | £135,736 | £134,000 | 14 LINCOLN ROAD |
19 Sep 2023 | £163,085 | £161,000 | 43 BEVERLEY ROAD |
11 Aug 2023 | £186,633 | £185,000 | 5 BEVERLEY ROAD |
23 Mar 2023 | £171,617 | £170,000 | 50 DURHAM ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 20 Apr 2012. Using an estimated price of £153,112 means this house is valued at £1,913 per sq meter (£177 per sq foot).
The average size of a house on NORWICH ROAD is 95 sq meters (1,031 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Beverley Road |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beverley Road |
Mar 2024 | Burglary | Under investigation | On or near Ripon Road |
Mar 2024 | Public order | Awaiting court outcome | On or near Ripon Road |