4, NEWBANK CLOSE, ORMESBY, MIDDLESBROUGH, TS7 9EY - £95,000

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 NEWBANK CLOSE is a very small extended semi-detached house of 65m², built sometime between 1930 and 1949, which could now be worth an estimated £135,836. It was last sold for £95,000 in July 2015, which was around 15% below the average July 2015 semi-detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

4 NEWBANK CLOSE Sold Prices

Land registry data shows two sales for 4 NEWBANK CLOSE 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. One of the two 4 NEWBANK CLOSE sales was for below the average price, whilst the other 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
2015 30 JUL	£95,000	£111,820	15% below HPI
2001 5 JUL	£50,000	£49,309	1% above HPI

4 NEWBANK CLOSE 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 NEWBANK CLOSE sales from July 2001 and July 2015 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 July 2001 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the July 2015 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 4 NEWBANK CLOSE be worth now?

4 NEWBANK CLOSE might now be worth an estimated £135,836.

This is based on house price inflation of 43%, between July 2015 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 43% inflationary increase is applied to the most recent sale price for 4 NEWBANK CLOSE of £95,000 on 30th July 2015. For the value to have increased from £95,000 to £135,836 over the eleven years and three months to April 2026, the following assumptions must hold true:

• The value of 4 NEWBANK CLOSE has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The July 2015 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 4 NEWBANK CLOSE has not materially changed since July 2015.

How Large is 4 NEWBANK CLOSE?

4 NEWBANK CLOSE is 65m², which includes one extension, according to the EPC inspection conducted in March 2017. 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 4 NEWBANK CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 4 NEWBANK CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

4 NEWBANK CLOSE: Plot and Title Map

4 NEWBANK CLOSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 4 NEWBANK CLOSE, 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 NEWBANK CLOSE). 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 NEWBANK CLOSE?

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