2, CLEVELAND CLOSE, ORMESBY, MIDDLESBROUGH, TS7 9BX - £245,000

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.

2 CLEVELAND CLOSE is a large extended detached house of 122m², built sometime between 1950 and 1966, which could now be worth an estimated £264,862. It was last sold for £245,000 in March 2023, which was around 2% above the average March 2023 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

2 CLEVELAND CLOSE Sold Prices

Land registry data shows one sale for 2 CLEVELAND 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
2023 23 MAR	£245,000	£240,952	2% above HPI

What might 2 CLEVELAND CLOSE be worth now?

2 CLEVELAND CLOSE might now be worth an estimated £264,862.

This is based on house price inflation of 8.1%, between March 2023 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 8.1% inflationary increase is applied to the most recent sale price for 2 CLEVELAND CLOSE of £245,000 on 23rd March 2023. For the value to have increased from £245,000 to £264,862 over the two years and eleven months to April 2026, the following assumptions must hold true:

• The value of 2 CLEVELAND CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The March 2023 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CLEVELAND CLOSE has not materially changed since March 2023.

How Large is 2 CLEVELAND CLOSE?

2 CLEVELAND CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in January 2022. This puts it in the largest 40% of detached houses in Middlesbrough, based on EPC data. The below chart shows the distribution of detached houses by size in Middlesbrough, and where 2 CLEVELAND CLOSE lies on this distribution: 62% of detached houses are smaller than 2 CLEVELAND CLOSE, and 37% of detached houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

2 CLEVELAND CLOSE: Plot

2 CLEVELAND CLOSE sits on a plot of roughly 0.195 of an acre, or 788m².

Where is 2 CLEVELAND CLOSE?

2 CLEVELAND CLOSE is located in ORMESBY, in the TS7 postcode district.