4, FARMBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9EG - £175,000

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.

4 FARMBANK ROAD is a very small extended semi-detached house of 78m², built sometime between 1950 and 1966, which could now be worth an estimated £187,597. It was last sold for £175,000 in January 2023, which was around 17% above the average January 2023 semi-detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was C.

4 FARMBANK ROAD Sold Prices

Land registry data shows two sales for 4 FARMBANK ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 4 FARMBANK 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
2023 27 JAN	£175,000	£149,150	17% above HPI
2019 26 APR	£120,000	£110,691	8% above HPI

4 FARMBANK 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 two 4 FARMBANK ROAD sales from April 2019 and January 2023 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 April 2019 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2023 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 4 FARMBANK ROAD be worth now?

4 FARMBANK ROAD might now be worth an estimated £187,597.

This is based on house price inflation of 7.2%, between January 2023 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 7.2% inflationary increase is applied to the most recent sale price for 4 FARMBANK ROAD of £175,000 on 27th January 2023. For the value to have increased from £175,000 to £187,597 over the two years and nine months to April 2026, the following assumptions must hold true:

• The value of 4 FARMBANK ROAD has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The January 2023 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FARMBANK ROAD has not materially changed since January 2023.

How Large is 4 FARMBANK ROAD?

4 FARMBANK ROAD is 78m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the smallest 20% 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 4 FARMBANK ROAD lies on this distribution: 12% of semi-detached houses houses are smaller than 4 FARMBANK ROAD, and 88% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

4 FARMBANK ROAD: Plot and Title Map

4 FARMBANK ROAD sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 4 FARMBANK 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 4 FARMBANK 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 4 FARMBANK ROAD?

4 FARMBANK ROAD is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 4 on FARMBANK ROAD.