£89,394
This estimated value is based upon the latest sale price for the house of £19,000 on 10 Jul 1998. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £19,000 | 10 Jul 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 July 1998 the House Price Index for REDCAR AND CLEVELAND was 31.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 370.495%.Applying this 370.495% change to the original purchase price of £19,000 results in an estimated price of approximately £89,394.
| 10 Jul 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 149.7 | 370.495 % | £19,000 | £70,394 | £89,394 |
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 | 231.257 % | £43,938 | £62,938 |
| 3 Month Average | 163.436 % | £31,052 | £50,052 |
| 6 Month Average | 180.036 % | £34,206 | £53,206 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £53,827 | £53,000 | 92 MOORCOCK CLOSE |
| 31 Oct 2023 | £83,906 | £82,000 | 136 BANKFIELDS ROAD |
| 19 Sep 2023 | £97,141 | £95,000 | 53 BANKFIELDS ROAD |
| 6 Sep 2023 | £61,352 | £60,000 | 1 OATFIELDS COURT |
| 28 Apr 2023 | £96,811 | £95,000 | 11 NAB CLOSE |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 3 Apr 2014. Using an estimated price of £89,394 means this house is valued at £1,719 per sq meter (£159 per sq foot).
The average size of a house on BANKFIELDS ROAD is 80 sq meters (870 sq feet).