£135,285
This estimated value is based upon the latest sale price for the house of £100,000 on 3 May 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 |
|---|---|
| £100,000 | 3 May 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 May 2016 the House Price Index for REDCAR AND CLEVELAND was 110.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £100,000 results in an estimated price of approximately £135,285.
| 3 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 149.7 | 35.286 % | £100,000 | £35,285 | £135,285 |
The Postcode Pricing Model uses changes in average sales price within the TS12 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 | 59.955 % | £59,954 | £159,954 |
| 3 Month Average | 44.856 % | £44,856 | £144,856 |
| 6 Month Average | 46.447 % | £46,447 | £146,447 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jul 2024 | £290,000 | £290,000 | 48 MARTON GILL |
| 18 Mar 2024 | £233,589 | £230,000 | 30 MARTON GILL |
| 15 Dec 2023 | £185,706 | £180,000 | 73 IRVIN AVENUE |
| 27 Oct 2023 | £266,042 | £260,000 | 36 MARTON GILL |
| 6 Oct 2023 | £373,483 | £365,000 | 88 MARSKE ROAD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 4 Feb 2014. Using an estimated price of £135,286 means this house is valued at £1,555 per sq meter (£144 per sq foot).
The average size of a house on THE PARKWAY is 100 sq meters (1,086 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Johnston Avenue | |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Johnston Avenue |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Supermarket |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Supermarket |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Supermarket |