£64,475
This estimated value is based upon the latest sale price for the house of £34,000 on 30 Nov 2004. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £34,000 | 30 Nov 2004 |
| £34,000 | 30 Nov 2004 |
| £27,000 | 30 Nov 2004 |
| £13,000 | 25 Jul 2003 |
| £15,000 | 4 Oct 2002 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 767 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 November 2004 the House Price Index for REDCAR AND CLEVELAND was 78.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 89.633%.Applying this 89.633% change to the original purchase price of £34,000 results in an estimated price of approximately £64,475.
| 30 Nov 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.9 | 149.7 | 89.633 % | £34,000 | £30,475 | £64,475 |
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 | 89.712 % | £30,502 | £64,502 |
| 3 Month Average | 87.323 % | £29,689 | £63,689 |
| 6 Month Average | 95.801 % | £32,572 | £66,572 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £35,811 | £35,500 | 78 SOUTH TERRACE |
| 18 Sep 2023 | £191,726 | £187,500 | 6 ANN STREET |
| 16 Nov 2020 | £23,359 | £20,000 | 5B VICTORIA STREET |
| 14 Oct 2020 | £24,522 | £20,750 | 7 VICTORIA STREET |
| 7 Sep 2020 | £25,120 | £21,000 | 15 CROMWELL ROAD |
This house has a floor area of 71 sq meters or 767 sq feet when measured on 24 Nov 2008. Using an estimated price of £64,475 means this house is valued at £903 per sq meter (£83 per sq foot).
The average size of a house on SOUTH TERRACE is 75 sq meters (809 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Victoria Street |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Victoria Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Victoria Street |
| Sep 2024 | Drugs | Further action is not in the public interest | On or near Victoria Street |
| Sep 2024 | Anti-social behaviour | On or near Victoria Street |