22, FARMBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9EE - £145,000

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

22 FARMBANK ROAD is a small detached house of 89m², built sometime between 1967 and 1975. It was last sold for £145,000 in January 2024, which was around 41% below the average January 2024 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

22 FARMBANK ROAD Sold Prices

Land registry data shows three sales for 22 FARMBANK ROAD 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. All of the three 22 FARMBANK 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
2024 31 JAN	£145,000	£246,430	41% below HPI
2018 7 JUN	£129,000	£190,251	32% below HPI
2010 26 AUG	£150,000	£182,118	18% below HPI

22 FARMBANK 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 three 22 FARMBANK ROAD sales between August 2010 and January 2024 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 June 2018 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the January 2024 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 22 FARMBANK ROAD?

22 FARMBANK ROAD is 89m² according to the EPC inspection conducted in September 2022. This puts it in the smallest 30% of detached houses in Middlesbrough, based on EPC data. The below chart shows the distribution of detached houses by size in Middlesbrough, and where 22 FARMBANK ROAD lies on this distribution: 20% of detached houses are smaller than 22 FARMBANK ROAD, and 77% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

22 FARMBANK ROAD: Plot and Title Map

22 FARMBANK ROAD sits on a plot of roughly 0.119 of an acre, or 480m². The below map shows the location of 22 FARMBANK 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 22 FARMBANK 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 22 FARMBANK ROAD?

22 FARMBANK ROAD is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 22 on FARMBANK ROAD.