7, SOUTH DRIVE, ORMESBY, MIDDLESBROUGH, TS7 9BP - £180,000

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.

7 SOUTH DRIVE is a very small extended semi-detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £202,725. It was last sold for £180,000 in April 2022, which was around 27% above the average April 2022 semi-detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

7 SOUTH DRIVE Sold Prices

Land registry data shows four sales for 7 SOUTH DRIVE 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 7 SOUTH DRIVE 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
2022 4 APR	£180,000	£141,963	27% above HPI
2019 29 MAR	£149,500	£111,040	35% above HPI
2005 16 DEC	£164,000	£115,486	42% above HPI
2000 15 DEC	£60,000	£48,660	23% above HPI

7 SOUTH DRIVE 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 7 SOUTH DRIVE sales between December 2000 and April 2022 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 March 2019 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the April 2022 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 7 SOUTH DRIVE be worth now?

7 SOUTH DRIVE might now be worth an estimated £202,725.

This is based on house price inflation of 12.6%, between April 2022 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 12.6% inflationary increase is applied to the most recent sale price for 7 SOUTH DRIVE of £180,000 on 4th April 2022. For the value to have increased from £180,000 to £202,725 over the four years to April 2026, the following assumptions must hold true:

• The value of 7 SOUTH DRIVE has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The April 2022 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SOUTH DRIVE has not materially changed since April 2022.

How Large is 7 SOUTH DRIVE?

7 SOUTH DRIVE is 83m², which includes one extension, according to the EPC inspection conducted in October 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 7 SOUTH DRIVE lies on this distribution: 16% of semi-detached houses houses are smaller than 7 SOUTH DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

7 SOUTH DRIVE: Plot and Title Map

7 SOUTH DRIVE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 7 SOUTH DRIVE, 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 7 SOUTH DRIVE). 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 7 SOUTH DRIVE?

7 SOUTH DRIVE is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 7 on SOUTH DRIVE.