£155,279
This estimated value is based upon the latest sale price for the house of £80,000 on 13 Aug 2004. This value is then adjusted by the current Official House Price Index for MIDDLESBROUGH 1
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| Price Paid | Date |
|---|---|
| £80,000 | 13 Aug 2004 |
| £34,000 | 10 Apr 2003 |
| £24,000 | 22 Feb 2002 |
| £34,000 | 15 Sep 1995 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,097 sq feet |
This model uses changes in the Official Land Registry House Price Index for MIDDLESBROUGH to estimate the market value.
When this house was purchased in August 2004 the House Price Index for MIDDLESBROUGH was 77.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 94.099%.Applying this 94.099% change to the original purchase price of £80,000 results in an estimated price of approximately £155,279.
| 13 Aug 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 149.7 | 94.099 % | £80,000 | £75,279 | £155,279 |
The Postcode Pricing Model uses changes in average sales price within the TS4 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 | 26.827 % | £21,461 | £101,461 |
| 3 Month Average | 49.019 % | £39,214 | £119,214 |
| 6 Month Average | 80.107 % | £64,085 | £144,085 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £87,500 | £87,500 | 59 WELLESLEY ROAD |
| 6 Oct 2023 | £82,882 | £81,000 | 5 BRINE STREET |
| 15 Jun 2023 | £93,371 | £91,500 | 56 WELLESLEY ROAD |
| 21 Apr 2023 | £88,658 | £87,000 | 60 WELLESLEY ROAD |
| 10 Feb 2023 | £95,639 | £95,000 | 71 WELLESLEY ROAD |
This house has a floor area of 101 sq meters or 1,097 sq feet when measured on 20 Oct 2008. Using an estimated price of £155,279 means this house is valued at £1,523 per sq meter (£141 per sq foot).
The average size of a house on WELLESLEY ROAD is 108 sq meters (1,166 sq feet).