£125,474
This estimated value is based upon the latest sale price for the house of £73,000 on 20 Apr 2012. This value is then adjusted by the current Official House Price Index for REDCAR AND CLEVELAND 1
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Price Paid | Date |
---|---|
£73,000 | 20 Apr 2012 |
£78,500 | 16 Aug 2004 |
£53,000 | 21 Nov 2003 |
£29,950 | 14 Mar 1997 |
Terraced |
Freehold |
Floor Area: 79 sq meters or 854 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 April 2012 the House Price Index for REDCAR AND CLEVELAND was 87.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.883%.Applying this 71.883% change to the original purchase price of £73,000 results in an estimated price of approximately £125,474.
20 Apr 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.1 | 149.7 | 71.883 % | £73,000 | £52,474 | £125,474 |
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 | 10.152 % | £7,410 | £80,410 |
3 Month Average | 13.635 % | £9,953 | £82,953 |
6 Month Average | 11.838 % | £8,641 | £81,641 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Nov 2023 | £87,214 | £85,000 | 53 TAWNEY ROAD |
22 Sep 2023 | £84,360 | £82,500 | 9 TAWNEY ROAD |
21 Apr 2023 | £86,620 | £85,000 | 3 CARDIGAN CLOSE |
30 Mar 2023 | £79,833 | £78,500 | 17 TAWNEY ROAD |
3 Feb 2023 | £40,268 | £39,999 | 33 CARDIGAN CLOSE |
This house has a floor area of 79 sq meters or 854 sq feet when measured on 18 Jun 2010. Using an estimated price of £125,474 means this house is valued at £1,581 per sq meter (£146 per sq foot).
The average size of a house on BARMOUTH ROAD is 87 sq meters (941 sq feet).