12, CHARNWOOD DRIVE, ORMESBY, MIDDLESBROUGH, TS7 9HN - £170,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 CHARNWOOD DRIVE is a very small detached house of 63m², built sometime between 1967 and 1975, which could now be worth an estimated £194,880. It was last sold for £170,000 in February 2022, which was around 25% below the average February 2022 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

12 CHARNWOOD DRIVE Sold Prices

Land registry data shows two sales for 12 CHARNWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 12 CHARNWOOD DRIVE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 8 FEB	£170,000	£227,230	25% below HPI
2006 15 MAR	£130,000	£172,507	25% below HPI

12 CHARNWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The two 12 CHARNWOOD DRIVE sales from March 2006 and February 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2022 sale, which was also at 25% below the HPI.

What might 12 CHARNWOOD DRIVE be worth now?

12 CHARNWOOD DRIVE might now be worth an estimated £194,880.

This is based on house price inflation of 14.6%, between February 2022 and April 2026, for detached houses, in the Redcar and Cleveland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.6% inflationary increase is applied to the most recent sale price for 12 CHARNWOOD DRIVE of £170,000 on 8th February 2022. For the value to have increased from £170,000 to £194,880 over the three years and ten months to April 2026, the following assumptions must hold true:

• The value of 12 CHARNWOOD DRIVE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The February 2022 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 12 CHARNWOOD DRIVE has not materially changed since February 2022.

How Large is 12 CHARNWOOD DRIVE?

12 CHARNWOOD DRIVE is 63m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% of detached houses houses in Middlesbrough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middlesbrough, and where 12 CHARNWOOD DRIVE lies on this distribution: 2% of detached houses houses are smaller than 12 CHARNWOOD DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

12 CHARNWOOD DRIVE: Plot and Title Map

12 CHARNWOOD DRIVE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 12 CHARNWOOD DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 12 CHARNWOOD DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 12 CHARNWOOD DRIVE?

12 CHARNWOOD DRIVE is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 12 on CHARNWOOD DRIVE.