16, WOODBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9EJ - £108,000

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.

16 WOODBANK ROAD is a very small extended semi-detached house of 60m², built sometime between 1950 and 1966, which could now be worth an estimated £155,472. It was last sold for £108,000 in May 2014, which was around 3% below the average May 2014 semi-detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

16 WOODBANK ROAD Sold Prices

Land registry data shows three sales for 16 WOODBANK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Two of the three 16 WOODBANK ROAD sales were for below the average price, whilst one was 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
2014 9 MAY	£108,000	£111,384	3% below HPI
2007 2 NOV	£140,000	£120,586	16% above HPI
2006 21 DEC	£112,000	£122,725	9% below HPI

16 WOODBANK 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 three 16 WOODBANK ROAD sales between December 2006 and May 2014 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 November 2007 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the May 2014 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 16 WOODBANK ROAD be worth now?

16 WOODBANK ROAD might now be worth an estimated £155,472.

This is based on house price inflation of 44%, between May 2014 and May 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 44% inflationary increase is applied to the most recent sale price for 16 WOODBANK ROAD of £108,000 on 9th May 2014. For the value to have increased from £108,000 to £155,472 over the twelve years to May 2026, the following assumptions must hold true:

• The value of 16 WOODBANK ROAD has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The May 2014 sale price of £108,000 represented a fair market value for the property.
• The size, condition, and specification of 16 WOODBANK ROAD has not materially changed since May 2014.

How Large is 16 WOODBANK ROAD?

16 WOODBANK ROAD is 60m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the smallest 10% 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 16 WOODBANK ROAD lies on this distribution: 1% of semi-detached houses houses are smaller than 16 WOODBANK ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

Where is 16 WOODBANK ROAD?

16 WOODBANK ROAD is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 16 on WOODBANK ROAD.