15, HIGHBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9EH - £185,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 HIGHBANK ROAD is a very small extended detached house of 81m², built sometime between 1950 and 1966. It was last sold for £185,000 in August 2022, which was around 23% below the average August 2022 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

15 HIGHBANK ROAD Sold Prices

Land registry data shows two sales for 15 HIGHBANK ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 15 HIGHBANK ROAD sales were for below 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
2022 18 AUG	£185,000	£241,572	23% below HPI
2009 10 JUL	£101,000	£178,419	43% below HPI

15 HIGHBANK ROAD 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 two 15 HIGHBANK ROAD sales from July 2009 and August 2022 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 July 2009 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the August 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 15 HIGHBANK ROAD?

15 HIGHBANK ROAD is 81m², which includes one extension, according to the EPC inspection conducted in April 2022. 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 15 HIGHBANK ROAD lies on this distribution: 13% of detached houses are smaller than 15 HIGHBANK ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

15 HIGHBANK ROAD: Plot and Title Map

15 HIGHBANK ROAD sits on a plot of roughly 0.122 of an acre, or 492m². The below map shows the location of 15 HIGHBANK ROAD, 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 15 HIGHBANK ROAD). 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 15 HIGHBANK ROAD?

15 HIGHBANK ROAD is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 15 on HIGHBANK ROAD.