£48,711
This estimated value is based upon the latest sale price for the house of £39,999 on 20 Dec 2018. This value is then adjusted by the current Official House Price Index for MIDDLESBROUGH 1
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| Price Paid | Date |
|---|---|
| £39,999 | 20 Dec 2018 |
| £43,250 | 6 Apr 2004 |
| £35,000 | 14 Nov 2003 |
| £35,000 | 14 Nov 2003 |
| £29,000 | 4 Aug 2003 |
| £25,000 | 7 Jul 2000 |
| Terraced |
| Freehold |
| Floor Area: 47 sq meters or 505 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 December 2018 the House Price Index for MIDDLESBROUGH was 120.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.781%.Applying this 21.781% change to the original purchase price of £39,999 results in an estimated price of approximately £48,711.
| 20 Dec 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 146.7 | 21.781 % | £39,999 | £8,712 | £48,711 |
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 | 39.164 % | £15,665 | £55,664 |
| 3 Month Average | 19.911 % | £7,964 | £47,963 |
| 6 Month Average | 23.618 % | £9,446 | £49,445 |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 15 Aug 2018.
The average size of a house on PARLIAMENT ROAD is 90 sq meters (975 sq feet).