£461,721
This estimated value is based upon the latest sale price for the house of £386,000 on 29 Sep 2020. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £386,000 | 29 Sep 2020 |
| Detached |
| Freehold |
| Floor Area: 179 sq meters or 1,926 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 September 2020 the House Price Index for REDCAR AND CLEVELAND was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £386,000 results in an estimated price of approximately £461,721.
| 29 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £386,000 | £75,721 | £461,721 |
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 | 0.334 % | £1,290 | £387,290 |
| 3 Month Average | 38.868 % | £150,032 | £536,032 |
| 6 Month Average | 32.253 % | £124,496 | £510,496 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Aug 2024 | £240,000 | £240,000 | 22 THE GREEN |
| 18 Dec 2023 | £288,877 | £280,000 | 1 THE FAIRWAY |
| 11 Dec 2023 | £247,609 | £240,000 | 12 THE GREEN |
| 8 Dec 2023 | £348,715 | £338,000 | 46 GUISBOROUGH ROAD |
| 13 Oct 2023 | £353,018 | £345,000 | 38 THE FAIRWAY |
This house has a floor area of 179 sq meters or 1,926 sq feet when measured on 19 Feb 2020. Using an estimated price of £461,722 means this house is valued at £2,579 per sq meter (£239 per sq foot).
The average size of a house on HOB HILL CLOSE is 134 sq meters (1,447 sq feet).
This house is the largest in the street with a floor area of 179 sq meters (1,926 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hob Hill Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hob Hill Close |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hob Hill Close |
| Aug 2024 | Anti-social behaviour | On or near Hob Hill Lane | |
| Aug 2024 | Anti-social behaviour | On or near Hob Hill Lane |