£470,494
This estimated value is based upon the latest sale price for the house of £100,000 on 31 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 |
|---|---|
| £100,000 | 31 Jul 1998 |
| Detached |
| Freehold |
| Floor Area: 154 sq meters or 1,657 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 £100,000 results in an estimated price of approximately £470,494.
| 31 Jul 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 149.7 | 370.495 % | £100,000 | £370,494 | £470,494 |
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 | 246.957 % | £246,957 | £346,957 |
| 3 Month Average | 198.975 % | £198,975 | £298,975 |
| 6 Month Average | 185.467 % | £185,466 | £285,466 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £305,510 | £300,000 | 7 WHEATLANDS PARK |
| 24 Nov 2022 | £268,743 | £270,000 | 5 COCHRANE GARDENS |
| 3 Aug 2022 | £447,091 | £445,000 | 3 WHEATLANDS PARK |
| 22 Jul 2022 | £265,662 | £263,000 | 25 SCHOOL WAY |
| 18 Feb 2022 | £221,856 | £210,000 | 19 SCHOOL WAY |
This house has a floor area of 154 sq meters or 1,657 sq feet when measured on 13 Aug 2014. Using an estimated price of £470,495 means this house is valued at £3,055 per sq meter (£283 per sq foot).
The average size of a house on WHEATLANDS PARK is 169 sq meters (1,827 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Storr Close |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Colwyn Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Colwyn Close |
| Jul 2024 | Drugs | Under investigation | On or near Wheatlands Park |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alderman Close |