£50,918
This estimated value is based upon the latest sale price for the house of £50,000 on 18 Aug 2023. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £50,000 | 18 Aug 2023 |
| £70,000 | 8 Jun 2007 |
| £52,000 | 29 Oct 2003 |
| £32,000 | 30 Apr 1998 |
| Terraced |
| 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 August 2023 the House Price Index for REDCAR AND CLEVELAND was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £50,000 results in an estimated price of approximately £50,918.
| 18 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £50,000 | £918 | £50,918 |
The Postcode Pricing Model uses changes in average sales price within the TS13 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 | -1.325 % | £-662 | £49,337 |
| 3 Month Average | 39.603 % | £19,801 | £69,801 |
| 6 Month Average | 31.586 % | £15,793 | £65,793 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £127,818 | £125,000 | 34 WEST ROAD |
| 5 Sep 2023 | £35,789 | £35,000 | 24 DUNDAS STREET |
| 18 Aug 2023 | £50,918 | £50,000 | 15 NEWCOMEN TERRACE |
| 27 Jan 2023 | £65,174 | £65,000 | 9 STATION ROAD |
| 10 Jan 2023 | £45,121 | £45,000 | 43 WEST ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newcommen Terrace |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Newcommen Terrace |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dundas Street |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Dundas Street |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dundas Street |