38, ORMESBY BANK, ORMESBY, MIDDLESBROUGH, TS7 9EB - £350,000

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.

38 ORMESBY BANK is a very large extended semi-detached house of 108m², built sometime between 1930 and 1949, which could now be worth an estimated £371,517. It was last sold for £350,000 in November 2022, which was around 132% above the average November 2022 semi-detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was C.

38 ORMESBY BANK Sold Prices

Land registry data shows one sale for 38 ORMESBY BANK since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-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
2022 17 NOV	£350,000	£150,626	132% above HPI

What might 38 ORMESBY BANK be worth now?

38 ORMESBY BANK might now be worth an estimated £371,517.

This is based on house price inflation of 6.1%, between November 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 6.1% inflationary increase is applied to the most recent sale price for 38 ORMESBY BANK of £350,000 on 17th November 2022. For the value to have increased from £350,000 to £371,517 over the four years and seven months to April 2026, the following assumptions must hold true:

• The value of 38 ORMESBY BANK has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The November 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 38 ORMESBY BANK has not materially changed since November 2022.

How Large is 38 ORMESBY BANK?

38 ORMESBY BANK is 108m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the largest 20% of semi-detached houses in Middlesbrough, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Middlesbrough, and where 38 ORMESBY BANK lies on this distribution: 85% of semi-detached houses are smaller than 38 ORMESBY BANK, and 15% of semi-detached houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

38 ORMESBY BANK: Plot

38 ORMESBY BANK sits on a plot of roughly 0.408 of an acre, or 1,653m².

Where is 38 ORMESBY BANK?

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