£391,388
This estimated value is based upon the latest sale price for the house of £315,000 on 26 Jul 2019. 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 Flatts Lane
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| Price Paid | Date |
|---|---|
| £315,000 | 26 Jul 2019 |
| £280,000 | 22 Jun 2012 |
| Detached |
| Freehold |
| Floor Area: 140 sq meters or 1,506 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 July 2019 the House Price Index for REDCAR AND CLEVELAND was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £315,000 results in an estimated price of approximately £391,388.
| 26 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £315,000 | £76,388 | £391,388 |
The Postcode Pricing Model uses changes in average sales price within the TS6 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 | 23.780 % | £74,907 | £389,907 |
| 3 Month Average | 5.948 % | £18,735 | £333,735 |
| 6 Month Average | 8.130 % | £25,610 | £340,610 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £359,116 | £350,000 | 10 MADDISON GROVE |
| 20 Nov 2023 | £287,293 | £280,000 | 8 MADDISON GROVE |
| 1 Sep 2023 | £284,266 | £278,000 | 12 MADDISON GROVE |
| 6 Jan 2023 | £315,844 | £315,000 | 4 EAST FARM CLOSE |
| 1 Aug 2022 | £296,386 | £295,000 | 8 EAST FARM CLOSE |
This house has a floor area of 140 sq meters or 1,506 sq feet when measured on 18 May 2012. Using an estimated price of £391,389 means this house is valued at £2,795 per sq meter (£259 per sq foot).
The average size of a house on CROSSWOOD AVENUE is 147 sq meters (1,588 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Flatts Lane | |
| Oct 2024 | Anti-social behaviour | On or near Flatts Lane | |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Flatts Lane |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Flatts Lane |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parkway Drive |