111B, ORMESBY BANK, ORMESBY, MIDDLESBROUGH, TS7 9HL - £137,500

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.

111B ORMESBY BANK is a detached house, which could now be worth an estimated £437,233. It was last sold for £137,500 in April 2000, which was around 68% above the average April 2000 detached price in the Redcar and Cleveland local authority area.

111B ORMESBY BANK Sold Prices

Land registry data shows two sales for 111B ORMESBY BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. One of the two 111B ORMESBY BANK sales was for above the average price, whilst the other was for below 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
2000 7 APR	£137,500	£81,917	68% above HPI
1996 17 SEP	£34,000	£75,068	55% below HPI

What might 111B ORMESBY BANK be worth now?

111B ORMESBY BANK might now be worth an estimated £437,233.

This is based on house price inflation of 218%, between April 2000 and April 2026, for 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 218% inflationary increase is applied to the most recent sale price for 111B ORMESBY BANK of £137,500 on 7th April 2000. For the value to have increased from £137,500 to £437,233 over the 26 years to April 2026, the following assumptions must hold true:

• The value of 111B ORMESBY BANK has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The April 2000 sale price of £137,500 represented a fair market value for the property.
• The size, condition, and specification of 111B ORMESBY BANK has not materially changed since April 2000.

Where is 111B ORMESBY BANK?

111B ORMESBY BANK is located in ORMESBY, in the TS7 postcode district.