£89,030
This estimated value is based upon the latest sale price for the house of £73,000 on 22 Mar 2019. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £73,000 | 22 Mar 2019 |
| £65,950 | 26 May 2005 |
| £61,000 | 2 Jul 2004 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 March 2019 the House Price Index for REDCAR AND CLEVELAND was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.959%.Applying this 21.959% change to the original purchase price of £73,000 results in an estimated price of approximately £89,030.
| 22 Mar 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.959 % | £73,000 | £16,030 | £89,030 |
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 | 6.429 % | £4,693 | £77,693 |
| 3 Month Average | -9.271 % | £-6,768 | £66,231 |
| 6 Month Average | 21.412 % | £15,630 | £88,630 |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 2 Jan 2019.
The average size of a house on SOMERSET ROAD is 82 sq meters (892 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Somerset Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Somerset Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Somerset Road |
| Dec 2023 | Drugs | Investigation complete; no suspect identified | On or near Somerset Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Regent Court |