£87,383
This estimated value is based upon the latest sale price for the house of £44,500 on 30 Jul 2004. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £44,500 | 30 Jul 2004 |
| £34,000 | 1 Aug 2003 |
| 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 July 2004 the House Price Index for REDCAR AND CLEVELAND was 76.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 96.367%.Applying this 96.367% change to the original purchase price of £44,500 results in an estimated price of approximately £87,383.
| 30 Jul 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 76.2 | 149.7 | 96.367 % | £44,500 | £42,883 | £87,383 |
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 | 50.055 % | £22,274 | £66,774 |
| 3 Month Average | 47.029 % | £20,927 | £65,427 |
| 6 Month Average | 49.486 % | £22,021 | £66,521 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jun 2024 | £70,000 | £70,000 | 10 MICKLOW CLOSE |
| 20 Oct 2023 | £81,859 | £80,000 | 57 EGTON CLOSE |
| 28 Sep 2023 | £84,871 | £83,000 | 9 MICKLOW CLOSE |
| 11 Aug 2023 | £86,561 | £85,000 | 76 EGTON CLOSE |
| 11 Apr 2023 | £50,953 | £50,000 | 67 BLAKEY CLOSE |