£99,636
This estimated value is based upon the latest sale price for the house of £39,000 on 6 Dec 2002. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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| Price Paid | Date |
|---|---|
| £39,000 | 6 Dec 2002 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 December 2002 the House Price Index for REDCAR AND CLEVELAND was 58.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 155.477%.Applying this 155.477% change to the original purchase price of £39,000 results in an estimated price of approximately £99,636.
| 6 Dec 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 58.6 | 149.7 | 155.477 % | £39,000 | £60,636 | £99,636 |
The Postcode Pricing Model uses changes in average sales price within the TS12 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 | 171.509 % | £66,888 | £105,888 |
| 3 Month Average | 223.587 % | £87,199 | £126,199 |
| 6 Month Average | 198.614 % | £77,459 | £116,459 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £71,823 | £70,000 | FLAT 3 15A MILTON STREET |
| 26 Apr 2023 | £165,088 | £162,000 | 9A PEARL STREET |
| 3 Mar 2023 | £183,057 | £180,000 | FLAT 4 9 DIAMOND STREET |
| 27 Jan 2023 | £210,563 | £210,000 | FLAT 1, 9 DIAMOND STREET |
| 29 Jun 2022 | £143,058 | £140,000 | 9 PEARL STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 31 Dec 2021. Using an estimated price of £99,636 means this house is valued at £1,581 per sq meter (£146 per sq foot).
The average size of a house on PEARL STREET is 98 sq meters (1,064 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pearl Street |
| Sep 2024 | Anti-social behaviour | On or near Pearl Street | |
| Sep 2024 | Anti-social behaviour | On or near Pearl Street | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Pearl Street |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pearl Street |