53, LONGBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9EZ - £71,000

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.

53 LONGBANK ROAD is a semi-detached house, which could now be worth an estimated £236,789. It was last sold for £71,000 in May 2001, which was around 48% above the average May 2001 semi-detached price in the Redcar and Cleveland local authority area.

53 LONGBANK ROAD Sold Prices

Land registry data shows three sales for 53 LONGBANK 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. All of the three 53 LONGBANK 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
2001 18 MAY	£71,000	£48,078	48% above HPI
1996 31 OCT	£54,000	£43,135	25% above HPI
1996 16 AUG	£49,500	£41,892	18% above HPI

What might 53 LONGBANK ROAD be worth now?

53 LONGBANK ROAD might now be worth an estimated £236,789.

This is based on house price inflation of 233.5%, between May 2001 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 233.5% inflationary increase is applied to the most recent sale price for 53 LONGBANK ROAD of £71,000 on 18th May 2001. For the value to have increased from £71,000 to £236,789 over the 25 years to May 2026, the following assumptions must hold true:

• The value of 53 LONGBANK ROAD has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The May 2001 sale price of £71,000 represented a fair market value for the property.
• The size, condition, and specification of 53 LONGBANK ROAD has not materially changed since May 2001.

Where is 53 LONGBANK ROAD?

53 LONGBANK ROAD is located in ORMESBY, in the TS7 postcode district.