4, NORTHBANK CRESCENT, ORMESBY, MIDDLESBROUGH, TS7 9EU - £155,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 NORTHBANK CRESCENT is a small extended detached house of 89m², built sometime between 1950 and 1966, which could now be worth an estimated £205,335. It was last sold for £155,000 in February 2020, which was around 20% below the average February 2020 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

4 NORTHBANK CRESCENT Sold Prices

Land registry data shows two sales for 4 NORTHBANK CRESCENT 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 4 NORTHBANK CRESCENT 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
2020 13 FEB	£155,000	£193,140	20% below HPI
2004 27 AUG	£120,000	£158,739	24% below HPI

4 NORTHBANK CRESCENT 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 4 NORTHBANK CRESCENT sales from August 2004 and February 2020 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 August 2004 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2020 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 4 NORTHBANK CRESCENT be worth now?

4 NORTHBANK CRESCENT might now be worth an estimated £205,335.

This is based on house price inflation of 32.5%, between February 2020 and February 2025, for detached houses, in the Redcar and Cleveland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.5% inflationary increase is applied to the most recent sale price for 4 NORTHBANK CRESCENT of £155,000 on 13th February 2020. For the value to have increased from £155,000 to £205,335 over the five years to February 2025, the following assumptions must hold true:

• The value of 4 NORTHBANK CRESCENT has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The February 2020 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 4 NORTHBANK CRESCENT has not materially changed since February 2020.

How Large is 4 NORTHBANK CRESCENT?

4 NORTHBANK CRESCENT is 89m², which includes two extensions, according to the EPC inspection conducted in December 2019. This puts it in the smallest 30% of detached houses houses in Middlesbrough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middlesbrough, and where 4 NORTHBANK CRESCENT lies on this distribution: 20% of detached houses houses are smaller than 4 NORTHBANK CRESCENT, and 77% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

4 NORTHBANK CRESCENT: Plot and Title Map

4 NORTHBANK CRESCENT sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 4 NORTHBANK CRESCENT, 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 4 NORTHBANK CRESCENT). 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 4 NORTHBANK CRESCENT?

4 NORTHBANK CRESCENT is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 4 on NORTHBANK CRESCENT.