£173,161
This estimated value is based upon the latest sale price for the house of £112,500 on 31 Jul 2014. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £112,500 | 31 Jul 2014 |
| £115,000 | 19 Jul 2007 |
| £40,000 | 5 Jul 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 2014 the House Price Index for REDCAR AND CLEVELAND was 97.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 53.921%.Applying this 53.921% change to the original purchase price of £112,500 results in an estimated price of approximately £173,161.
| 31 Jul 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 149.7 | 53.921 % | £112,500 | £60,661 | £173,161 |
The Postcode Pricing Model uses changes in average sales price within the TS10 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 | 14.011 % | £15,762 | £128,262 |
| 3 Month Average | 26.122 % | £29,387 | £141,887 |
| 6 Month Average | 19.263 % | £21,671 | £134,171 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 May 2024 | £135,000 | £135,000 | 45 CANTERBURY ROAD |
| 5 Apr 2024 | £166,445 | £165,000 | 39 RIPON ROAD |
| 22 Nov 2023 | £115,430 | £112,500 | 6 DURHAM ROAD |
| 27 Oct 2023 | £150,416 | £147,000 | 6 RIPON ROAD |
| 27 Oct 2023 | £152,463 | £149,000 | 48 RIPON ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 4 Apr 2014. Using an estimated price of £173,162 means this house is valued at £2,372 per sq meter (£220 per sq foot).
The average size of a house on RIPON ROAD is 83 sq meters (895 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Ripon Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ripon Road |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Canterbury Road |
| Oct 2024 | Other theft | Under investigation | On or near Canterbury Road |
| Aug 2024 | Other theft | Unable to prosecute suspect | On or near Canterbury Road |