15, MIDDLEBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9ET - £145,000

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.

15 MIDDLEBANK ROAD is a midsized extended semi-detached house of 112m², built sometime between 1950 and 1966, which could now be worth an estimated £202,938. It was last sold for £145,000 in June 2018, which was around 27% above the average June 2018 semi-detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was D.

15 MIDDLEBANK ROAD Sold Prices

Land registry data shows four sales for 15 MIDDLEBANK ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the four 15 MIDDLEBANK ROAD sales were for above 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
2018 29 JUN	£145,000	£114,239	27% above HPI
2013 3 MAY	£135,000	£102,890	31% above HPI
2007 12 OCT	£170,500	£123,731	38% above HPI
2006 24 JUL	£164,500	£111,084	48% above HPI

15 MIDDLEBANK ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The four 15 MIDDLEBANK ROAD sales between July 2006 and June 2018 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 May 2013 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the June 2018 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 15 MIDDLEBANK ROAD be worth now?

15 MIDDLEBANK ROAD might now be worth an estimated £202,938.

This is based on house price inflation of 40%, between June 2018 and April 2026, for semi-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 40% inflationary increase is applied to the most recent sale price for 15 MIDDLEBANK ROAD of £145,000 on 29th June 2018. For the value to have increased from £145,000 to £202,938 over the eight years and two months to April 2026, the following assumptions must hold true:

• The value of 15 MIDDLEBANK ROAD has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The June 2018 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 15 MIDDLEBANK ROAD has not materially changed since June 2018.

How Large is 15 MIDDLEBANK ROAD?

15 MIDDLEBANK ROAD is 112m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the largest 50% of semi-detached houses houses in Middlesbrough, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Middlesbrough, and where 15 MIDDLEBANK ROAD lies on this distribution: 49% of semi-detached houses houses are smaller than 15 MIDDLEBANK ROAD, and 50% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

15 MIDDLEBANK ROAD: Plot and Title Map

15 MIDDLEBANK ROAD sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 15 MIDDLEBANK ROAD, 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 15 MIDDLEBANK ROAD). 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 15 MIDDLEBANK ROAD?

15 MIDDLEBANK ROAD is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 15 on MIDDLEBANK ROAD.