£81,494
This estimated value is based upon the latest sale price for the house of £44,000 on 6 Jul 2005. This value is then adjusted by the current Official House Price Index for MIDDLESBROUGH 1
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| Price Paid | Date |
|---|---|
| £44,000 | 6 Jul 2005 |
| £25,000 | 27 Jun 2003 |
| £30,000 | 18 Mar 1998 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 July 2005 the House Price Index for MIDDLESBROUGH was 80.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 85.214%.Applying this 85.214% change to the original purchase price of £44,000 results in an estimated price of approximately £81,494.
| 6 Jul 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 149.7 | 85.214 % | £44,000 | £37,494 | £81,494 |
The Postcode Pricing Model uses changes in average sales price within the TS1 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 | 31.495 % | £13,857 | £57,857 |
| 3 Month Average | 44.376 % | £19,525 | £63,525 |
| 6 Month Average | 48.986 % | £21,553 | £65,553 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 May 2024 | £56,000 | £56,000 | 44 ERROL STREET |
| 19 Dec 2023 | £34,476 | £33,417 | 138 ABINGDON ROAD |
| 15 Dec 2023 | £41,267 | £39,999 | 22 EGERTON STREET |
| 15 Sep 2023 | £110,946 | £108,500 | 128 ABINGDON ROAD |
| 16 Aug 2023 | £346,245 | £340,000 | 131 SOUTHFIELD ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 4 Mar 2016. Using an estimated price of £81,494 means this house is valued at £1,116 per sq meter (£103 per sq foot).
The average size of a house on ERROL STREET is 68 sq meters (735 sq feet).