2, MEADOWBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9EN - £125,000

2 MEADOWBANK ROAD is a very small detached house of 64m², built sometime between 1950 and 1966. It was last sold for £125,000 in December 2019, which was around 35% below the average December 2019 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

2 MEADOWBANK ROAD Sold Prices

Land registry data shows four sales for 2 MEADOWBANK ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the four 2 MEADOWBANK 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
2019 19 DEC	£125,000	£192,801	35% below HPI
2018 19 DEC	£160,000	£184,340	13% below HPI
2008 12 DEC	£140,000	£182,964	23% below HPI
2006 13 OCT	£143,000	£192,367	26% below HPI

2 MEADOWBANK 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 four 2 MEADOWBANK ROAD sales between October 2006 and December 2019 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 December 2018 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the December 2019 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 2 MEADOWBANK ROAD?

2 MEADOWBANK ROAD is 64m² according to the EPC inspection conducted in September 2018. 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 2 MEADOWBANK ROAD lies on this distribution: 2% of detached houses are smaller than 2 MEADOWBANK ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

2 MEADOWBANK ROAD: Plot and Title Map

2 MEADOWBANK ROAD sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 2 MEADOWBANK 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 2 MEADOWBANK 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 2 MEADOWBANK ROAD?

2 MEADOWBANK ROAD is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 2 on MEADOWBANK ROAD.