£119,780
This estimated value is based upon the latest sale price for the house of £118,000 on 27 May 2022. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £118,000 | 27 May 2022 |
| £154,999 | 30 Nov 2017 |
| £117,253 | 10 Aug 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 May 2022 the House Price Index for REDCAR AND CLEVELAND was 145.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.509%.Applying this 1.509% change to the original purchase price of £118,000 results in an estimated price of approximately £119,780.
| 27 May 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 148.0 | 1.509 % | £118,000 | £1,780 | £119,780 |
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 | -49.326 % | £-58,205 | £59,794 |
| 3 Month Average | 29.752 % | £35,107 | £153,107 |
| 6 Month Average | 11.347 % | £13,389 | £131,389 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £150,508 | £150,000 | 2 BECKSIDE GARDENS |
| 13 Dec 2023 | £151,873 | £149,000 | 1 PROSPECT PLACE |
| 1 Dec 2023 | £178,375 | £175,000 | 80 WESTGATE |
| 29 Aug 2023 | £129,789 | £129,000 | 4 CLEVELAND STREET |
| 25 Aug 2023 | £103,127 | £102,500 | 109 WESTGATE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 30 Mar 2016. Using an estimated price of £119,781 means this house is valued at £2,065 per sq meter (£191 per sq foot).
The average size of a house on BECKSIDE GARDENS is 62 sq meters (672 sq feet).