9, NEWBANK CLOSE, ORMESBY, MIDDLESBROUGH, TS7 9EY - £145,000

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.

9 NEWBANK CLOSE is a very small detached house of 65m², built sometime between 1950 and 1966, which could now be worth an estimated £199,320. It was last sold for £145,000 in May 2019, which was around 23% below the average May 2019 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

9 NEWBANK CLOSE Sold Prices

Land registry data shows one sale for 9 NEWBANK CLOSE 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 24 MAY	£145,000	£189,039	23% below HPI

What might 9 NEWBANK CLOSE be worth now?

9 NEWBANK CLOSE might now be worth an estimated £199,320.

This is based on house price inflation of 37.5%, between May 2019 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 37.5% inflationary increase is applied to the most recent sale price for 9 NEWBANK CLOSE of £145,000 on 24th May 2019. For the value to have increased from £145,000 to £199,320 over the seven years to May 2026, the following assumptions must hold true:

• The value of 9 NEWBANK CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The May 2019 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 9 NEWBANK CLOSE has not materially changed since May 2019.

How Large is 9 NEWBANK CLOSE?

9 NEWBANK CLOSE is 65m² according to the EPC inspection conducted in September 2017. 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 9 NEWBANK CLOSE lies on this distribution: 3% of detached houses are smaller than 9 NEWBANK CLOSE, and 97% of detached houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

9 NEWBANK CLOSE: Plot

9 NEWBANK CLOSE sits on a plot of roughly 0.065 of an acre, or 263m².

Where is 9 NEWBANK CLOSE?

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