59, ORMESBY BANK, ORMESBY, MIDDLESBROUGH, TS7 9HJ - £170,000

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.

59 ORMESBY BANK is a semi-detached house, which could now be worth an estimated £225,186. It was last sold for £170,000 in July 2007, which was around 41% above the average July 2007 semi-detached price in the Redcar and Cleveland local authority area.

59 ORMESBY BANK Sold Prices

Land registry data shows two sales for 59 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 59 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 20 JUL	£170,000	£120,703	41% above HPI
2003 2 DEC	£128,500	£81,162	58% above HPI

What might 59 ORMESBY BANK be worth now?

59 ORMESBY BANK might now be worth an estimated £225,186.

This is based on house price inflation of 32.5%, between July 2007 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 32.5% inflationary increase is applied to the most recent sale price for 59 ORMESBY BANK of £170,000 on 20th July 2007. For the value to have increased from £170,000 to £225,186 over the nineteen years and three months to April 2026, the following assumptions must hold true:

• The value of 59 ORMESBY BANK has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The July 2007 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 59 ORMESBY BANK has not materially changed since July 2007.

Where is 59 ORMESBY BANK?

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