£55,723
This estimated value is based upon the latest sale price for the house of £44,950 on 9 Aug 2019. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
There has been one burglary within the last year on or near Peirson Street
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| Price Paid | Date |
|---|---|
| £44,950 | 9 Aug 2019 |
| £110,000 | 30 May 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 August 2019 the House Price Index for REDCAR AND CLEVELAND was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £44,950 results in an estimated price of approximately £55,723.
| 9 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £44,950 | £10,773 | £55,723 |
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 | 52.991 % | £23,819 | £68,769 |
| 3 Month Average | 42.642 % | £19,167 | £64,117 |
| 6 Month Average | 24.305 % | £10,924 | £55,874 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Jun 2024 | £49,995 | £49,995 | 56 PEIRSON STREET |
| 23 Nov 2023 | £61,511 | £59,950 | 31 LABURNUM HOUSE COATHAM ROAD |
| 12 Jun 2023 | £52,043 | £51,000 | 12 LABURNUM HOUSE COATHAM ROAD |
| 19 Jan 2023 | £68,684 | £68,500 | 14 LABURNUM HOUSE COATHAM ROAD |
| 19 Jul 2022 | £65,658 | £65,000 | 16 LABURNUM HOUSE COATHAM ROAD |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 11 Apr 2019. Using an estimated price of £55,723 means this house is valued at £1,031 per sq meter (£95 per sq foot).
The average size of a house on COATHAM ROAD is 89 sq meters (960 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Peirson Street | |
| Oct 2024 | Burglary | Under investigation | On or near Peirson Street |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Peirson Street |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Rainbow Lane |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rainbow Lane |