46, LONGBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9EZ - £129,756

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.

46 LONGBANK ROAD is a very small detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £137,553. It was last sold for £129,756 in January 2024, which was around 47% below the average January 2024 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was November 2022, where the current energy rating was E, and the potential energy rating was B.

46 LONGBANK ROAD Sold Prices

Land registry data shows three sales for 46 LONGBANK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the three 46 LONGBANK ROAD sales were 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
2024 4 JAN	£129,756	£245,128	47% below HPI
2024 4 JAN	£187,500	£245,128	24% below HPI
2023 14 APR	£120,000	£239,986	50% below HPI

46 LONGBANK ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The three 46 LONGBANK ROAD sales between April 2023 and January 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2024 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the January 2024 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 46 LONGBANK ROAD be worth now?

46 LONGBANK ROAD might now be worth an estimated £137,553.

This is based on house price inflation of 6%, between January 2024 and May 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 6% inflationary increase is applied to the most recent sale price for 46 LONGBANK ROAD of £129,756 on 4th January 2024. For the value to have increased from £129,756 to £137,553 over the one year and eight months to May 2026, the following assumptions must hold true:

• The value of 46 LONGBANK ROAD has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The January 2024 sale price of £129,756 represented a fair market value for the property.
• The size, condition, and specification of 46 LONGBANK ROAD has not materially changed since January 2024.

How Large is 46 LONGBANK ROAD?

46 LONGBANK ROAD is 68m² according to the EPC inspection conducted in November 2022. 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 46 LONGBANK ROAD lies on this distribution: 3% of detached houses are smaller than 46 LONGBANK ROAD, and 96% of detached houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

46 LONGBANK ROAD: Plot

46 LONGBANK ROAD sits on a plot of roughly 0.064 of an acre, or 258m².

Where is 46 LONGBANK ROAD?

46 LONGBANK ROAD is located in ORMESBY, in the TS7 postcode district.