78, ORMESBY BANK, ORMESBY, MIDDLESBROUGH, TS7 9ED - £196,000

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.

78 ORMESBY BANK is a very large detached house of 144m², built sometime between 2003 and 2006, which could now be worth an estimated £270,078. It was last sold for £196,000 in May 2019, which was around 4% above the average May 2019 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

78 ORMESBY BANK Sold Prices

Land registry data shows one sale for 78 ORMESBY BANK since 1^st January 1995. The below table shows the price paid for the one sale, along with the average 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
2019 22 MAY	£196,000	£189,039	4% above HPI

What might 78 ORMESBY BANK be worth now?

78 ORMESBY BANK might now be worth an estimated £270,078.

This is based on house price inflation of 37.8%, between May 2019 and April 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 37.8% inflationary increase is applied to the most recent sale price for 78 ORMESBY BANK of £196,000 on 22nd May 2019. For the value to have increased from £196,000 to £270,078 over the seven years and one month to April 2026, the following assumptions must hold true:

• The value of 78 ORMESBY BANK has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The May 2019 sale price of £196,000 represented a fair market value for the property.
• The size, condition, and specification of 78 ORMESBY BANK has not materially changed since May 2019.

How Large is 78 ORMESBY BANK?

78 ORMESBY BANK is 144m² according to the EPC inspection conducted in June 2012. This puts it in the largest 20% of detached houses in Middlesbrough, based on EPC data. The below chart shows the distribution of detached houses by size in Middlesbrough, and where 78 ORMESBY BANK lies on this distribution: 81% of detached houses are smaller than 78 ORMESBY BANK, and 18% of detached houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

78 ORMESBY BANK: Plot

78 ORMESBY BANK sits on a plot of roughly 0.101 of an acre, or 408m².

Where is 78 ORMESBY BANK?

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