£67,044
This estimated value is based upon the latest sale price for the house of £40,000 on 24 Oct 2012. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
There has been one burglary within the last year on or near Lanchester Road
More crime details
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| Price Paid | Date |
|---|---|
| £40,000 | 24 Oct 2012 |
| £22,000 | 21 Jun 1996 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2012 the House Price Index for REDCAR AND CLEVELAND was 87.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 67.612%.Applying this 67.612% change to the original purchase price of £40,000 results in an estimated price of approximately £67,044.
| 24 Oct 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 146.7 | 67.612 % | £40,000 | £27,044 | £67,044 |
The Postcode Pricing Model uses changes in average sales price within the TS6 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 | -2.554 % | £-1,021 | £38,978 |
| 3 Month Average | -22.670 % | £-9,068 | £30,931 |
| 6 Month Average | 2.000 % | £800 | £40,800 |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 18 Dec 2013.
The average size of a house on LANCHESTER ROAD is 106 sq meters (1,149 sq feet).
This house is the smallest in the street with a floor area of 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lanchester Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lanchester Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Lanchester Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lanchester Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lanchester Road |