8, NEWBANK CLOSE, ORMESBY, MIDDLESBROUGH, TS7 9EY - £118,000

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.

8 NEWBANK CLOSE is a very large extended semi-detached house of 112m², built sometime between 1950 and 1966, which could now be worth an estimated £137,869. It was last sold for £118,000 in January 2022, which was around 14% below the average January 2022 semi-detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was B.

8 NEWBANK CLOSE Sold Prices

Land registry data shows one sale for 8 NEWBANK CLOSE 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 31 JAN	£118,000	£136,844	14% below HPI

What might 8 NEWBANK CLOSE be worth now?

8 NEWBANK CLOSE might now be worth an estimated £137,869.

This is based on house price inflation of 16.8%, between January 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 16.8% inflationary increase is applied to the most recent sale price for 8 NEWBANK CLOSE of £118,000 on 31st January 2022. For the value to have increased from £118,000 to £137,869 over the three years and nine months to April 2026, the following assumptions must hold true:

• The value of 8 NEWBANK CLOSE has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The January 2022 sale price of £118,000 represented a fair market value for the property.
• The size, condition, and specification of 8 NEWBANK CLOSE has not materially changed since January 2022.

How Large is 8 NEWBANK CLOSE?

8 NEWBANK CLOSE is 112m², which includes one extension, according to the EPC inspection conducted in August 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 8 NEWBANK CLOSE lies on this distribution: 87% of semi-detached houses are smaller than 8 NEWBANK CLOSE, and 12% of semi-detached houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

8 NEWBANK CLOSE: Plot

8 NEWBANK CLOSE sits on a plot of roughly 0.056 of an acre, or 225m².

Where is 8 NEWBANK CLOSE?

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