£142,982
This estimated value is based upon the latest sale price for the house of £41,000 on 12 Apr 2001. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £41,000 | 12 Apr 2001 |
| Semi-Detached |
| 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 April 2001 the House Price Index for REDCAR AND CLEVELAND was 42.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 248.739%.Applying this 248.739% change to the original purchase price of £41,000 results in an estimated price of approximately £142,982.
| 12 Apr 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.9 | 149.7 | 248.739 % | £41,000 | £101,982 | £142,982 |
The Postcode Pricing Model uses changes in average sales price within the TS14 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 | 281.522 % | £115,424 | £156,424 |
| 3 Month Average | 210.734 % | £86,401 | £127,401 |
| 6 Month Average | 194.113 % | £79,586 | £120,586 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £120,000 | £120,000 | 27 VENABLES ROAD |
| 26 Apr 2024 | £192,673 | £191,000 | 41 PARK LANE |
| 27 Nov 2023 | £133,386 | £130,000 | 83 PARK LANE |
| 18 Aug 2023 | £145,627 | £143,000 | 66 VENABLES ROAD |
| 23 Jun 2023 | £102,045 | £100,000 | 5 LIME ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Venables Road | |
| Sep 2024 | Anti-social behaviour | On or near Maple Gardens | |
| Sep 2024 | Anti-social behaviour | On or near Maple Gardens |