12, NEWBANK CLOSE, ORMESBY, MIDDLESBROUGH, TS7 9EY - £115,500

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.

12 NEWBANK CLOSE is a very small extended detached house of 68m², built sometime between 1950 and 1966, which could now be worth an estimated £153,202. It was last sold for £115,500 in August 2020, which was around 41% below the average August 2020 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

12 NEWBANK CLOSE Sold Prices

Land registry data shows one sale for 12 NEWBANK CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 28 AUG	£115,500	£196,382	41% below HPI

What might 12 NEWBANK CLOSE be worth now?

12 NEWBANK CLOSE might now be worth an estimated £153,202.

This is based on house price inflation of 32.6%, between August 2020 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 32.6% inflationary increase is applied to the most recent sale price for 12 NEWBANK CLOSE of £115,500 on 28th August 2020. For the value to have increased from £115,500 to £153,202 over the six years and four months to April 2026, the following assumptions must hold true:

• The value of 12 NEWBANK CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The August 2020 sale price of £115,500 represented a fair market value for the property.
• The size, condition, and specification of 12 NEWBANK CLOSE has not materially changed since August 2020.

How Large is 12 NEWBANK CLOSE?

12 NEWBANK CLOSE is 68m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses in Middlesbrough, based on EPC data. The below chart shows the distribution of detached houses by size in Middlesbrough, and where 12 NEWBANK CLOSE lies on this distribution: 3% of detached houses are smaller than 12 NEWBANK CLOSE, and 96% of detached houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

12 NEWBANK CLOSE: Plot

12 NEWBANK CLOSE sits on a plot of roughly 0.085 of an acre, or 342m².

Where is 12 NEWBANK CLOSE?

12 NEWBANK CLOSE is located in ORMESBY, in the TS7 postcode district.