£196,064
This estimated value is based upon the latest sale price for the house of £130,000 on 6 Oct 2014. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £130,000 | 6 Oct 2014 |
| £45,000 | 11 Dec 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 October 2014 the House Price Index for REDCAR AND CLEVELAND was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £130,000 results in an estimated price of approximately £196,064.
| 6 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 149.7 | 50.819 % | £130,000 | £66,064 | £196,064 |
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 | 11.858 % | £15,415 | £145,415 |
| 3 Month Average | 52.810 % | £68,653 | £198,653 |
| 6 Month Average | 40.130 % | £52,168 | £182,168 |
| 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 79 sq meters or 850 sq feet when measured on 2 Jul 2015. Using an estimated price of £196,064 means this house is valued at £2,481 per sq meter (£230 per sq foot).
The average size of a house on THE PARKWAY is 100 sq meters (1,086 sq feet).
This house is the smallest in the street with a floor area of 79 sq meters (850 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 |