3, WOODBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9EJ - £145,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 WOODBANK ROAD is a very small detached house of 69m², built sometime between 1950 and 1966. It was last sold for £145,000 in September 2023, which was around 41% below the average September 2023 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

3 WOODBANK ROAD Sold Prices

Land registry data shows two sales for 3 WOODBANK 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 3 WOODBANK 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
2023 29 SEP	£145,000	£244,374	41% below HPI
1998 12 OCT	£52,500	£77,479	32% below HPI

3 WOODBANK 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 3 WOODBANK ROAD sales from October 1998 and September 2023 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 October 1998 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the September 2023 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 3 WOODBANK ROAD?

3 WOODBANK ROAD is 69m² according to the EPC inspection conducted in April 2023. 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 3 WOODBANK ROAD lies on this distribution: 4% of detached houses are smaller than 3 WOODBANK ROAD, and 96% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

3 WOODBANK ROAD: Plot and Title Map

3 WOODBANK ROAD sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 3 WOODBANK 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 3 WOODBANK 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 3 WOODBANK ROAD?

3 WOODBANK ROAD is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 3 on WOODBANK ROAD.