26, ORMESBY BANK, ORMESBY, MIDDLESBROUGH, TS7 9EB - £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.

26 ORMESBY BANK is a semi-detached house, which could now be worth an estimated £309,114. It was last sold for £245,000 in September 2007, which was around 97% above the average September 2007 semi-detached price in the Redcar and Cleveland local authority area.

26 ORMESBY BANK Sold Prices

Land registry data shows two sales for 26 ORMESBY BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 26 ORMESBY BANK 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
2007 14 SEP	£245,000	£124,246	97% above HPI
2003 2 JUL	£95,000	£69,547	37% above HPI

What might 26 ORMESBY BANK be worth now?

26 ORMESBY BANK might now be worth an estimated £309,114.

This is based on house price inflation of 26.2%, between September 2007 and July 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 26.2% inflationary increase is applied to the most recent sale price for 26 ORMESBY BANK of £245,000 on 14th September 2007. For the value to have increased from £245,000 to £309,114 over the nineteen years and two months to July 2026, the following assumptions must hold true:

• The value of 26 ORMESBY BANK has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The September 2007 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 26 ORMESBY BANK has not materially changed since September 2007.

Where is 26 ORMESBY BANK?

26 ORMESBY BANK is located in ORMESBY, in the TS7 postcode district.