£198,000
This estimated value is based upon the latest sale price for the house of £114,995 on 28 Mar 2012. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £114,995 | 28 Mar 2012 |
| £118,250 | 12 May 2005 |
| £120,000 | 26 Apr 2005 |
| £56,950 | 29 Jun 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 March 2012 the House Price Index for REDCAR AND CLEVELAND was 86.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.182%.Applying this 72.182% change to the original purchase price of £114,995 results in an estimated price of approximately £198,000.
| 28 Mar 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.9 | 149.7 | 72.182 % | £114,995 | £83,005 | £198,000 |
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 | 40.360 % | £46,411 | £161,406 |
| 3 Month Average | 60.609 % | £69,696 | £184,691 |
| 6 Month Average | 43.856 % | £50,432 | £165,427 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £304,352 | £295,000 | 7 ROSEDALE CLOSE |
| 30 Oct 2023 | £257,856 | £252,000 | 14 ROSEDALE CLOSE |
| 18 Oct 2023 | £89,022 | £87,000 | 38 DERWENT ROAD |
| 3 Mar 2023 | £52,883 | £52,000 | 2 DERWENT ROAD |
| 29 Nov 2022 | £278,697 | £280,000 | 66 WINDERMERE DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Derwent Road | |
| Sep 2024 | Anti-social behaviour | On or near Derwent Road | |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Derwent Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Derwent Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Derwent Road |