11, NEWBANK CLOSE, ORMESBY, MIDDLESBROUGH, TS7 9EY - £132,000

11 NEWBANK CLOSE is a very small detached house of 79m², built sometime between 1950 and 1966. It was last sold for £132,000 in August 2013, which was around 27% below the average August 2013 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

11 NEWBANK CLOSE Sold Prices

Land registry data shows three sales for 11 NEWBANK CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Two of the three 11 NEWBANK CLOSE sales were for below the average price, whilst one was 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
2013 30 AUG	£132,000	£180,708	27% below HPI
2003 1 AUG	£129,000	£119,717	8% above HPI
1998 23 OCT	£70,000	£77,479	10% below HPI

11 NEWBANK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The three 11 NEWBANK CLOSE sales between October 1998 and August 2013 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2003 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the August 2013 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 11 NEWBANK CLOSE?

11 NEWBANK CLOSE is 79m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 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 11 NEWBANK CLOSE lies on this distribution: 12% of detached houses are smaller than 11 NEWBANK CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

11 NEWBANK CLOSE: Plot and Title Map

11 NEWBANK CLOSE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 11 NEWBANK CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 11 NEWBANK CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 11 NEWBANK CLOSE?

11 NEWBANK CLOSE is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 11 on NEWBANK CLOSE.