24, FARMBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9EE - £125,000

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

24 FARMBANK ROAD is a small detached house of 101m², built sometime between 1976 and 1982. It was last sold for £125,000 in June 2021, which was around 43% below the average June 2021 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was C.

24 FARMBANK ROAD Sold Prices

Land registry data shows three sales for 24 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 24 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
2021 23 JUN	£125,000	£218,342	43% below HPI
2007 23 APR	£170,000	£195,859	13% below HPI
1995 28 JUL	£52,000	£75,233	31% below HPI

24 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 24 FARMBANK ROAD sales between July 1995 and June 2021 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 April 2007 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2021 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is 24 FARMBANK ROAD?

24 FARMBANK ROAD is 101m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 40% of detached houses in Middlesbrough, based on EPC data. The below chart shows the distribution of detached houses by size in Middlesbrough, and where 24 FARMBANK ROAD lies on this distribution: 36% of detached houses are smaller than 24 FARMBANK ROAD, and 63% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

24 FARMBANK ROAD: Plot and Title Map

24 FARMBANK ROAD sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 24 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 24 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 24 FARMBANK ROAD?

24 FARMBANK ROAD is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 24 on FARMBANK ROAD.