5, NEWBANK CLOSE, ORMESBY, MIDDLESBROUGH, TS7 9EY - £103,000

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.

5 NEWBANK CLOSE is a semi-detached house, which could now be worth an estimated £187,497. It was last sold for £103,000 in May 2004, which was around 17% above the average May 2004 semi-detached price in the Redcar and Cleveland local authority area.

5 NEWBANK CLOSE Sold Prices

Land registry data shows two sales for 5 NEWBANK CLOSE 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. One of the two 5 NEWBANK CLOSE sales was for above the average price, whilst the other was 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
2004 14 MAY	£103,000	£88,083	17% above HPI
2000 26 MAY	£45,600	£47,162	3% below HPI

What might 5 NEWBANK CLOSE be worth now?

5 NEWBANK CLOSE might now be worth an estimated £187,497.

This is based on house price inflation of 82%, between May 2004 and May 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 82% inflationary increase is applied to the most recent sale price for 5 NEWBANK CLOSE of £103,000 on 14th May 2004. For the value to have increased from £103,000 to £187,497 over the 22 years to May 2026, the following assumptions must hold true:

• The value of 5 NEWBANK CLOSE has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The May 2004 sale price of £103,000 represented a fair market value for the property.
• The size, condition, and specification of 5 NEWBANK CLOSE has not materially changed since May 2004.

Where is 5 NEWBANK CLOSE?

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