50, FARMBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9EE - £220,000

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

50 FARMBANK ROAD is a midsized extended detached house of 118m², built sometime between 1976 and 1982. It was last sold for £220,000 in February 2023, which was around 10% below the average February 2023 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

50 FARMBANK ROAD Sold Prices

Land registry data shows two sales for 50 FARMBANK 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 50 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
2023 10 FEB	£220,000	£244,430	10% below HPI
2002 2 AUG	£70,000	£100,929	31% below HPI

50 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 two 50 FARMBANK ROAD sales from August 2002 and February 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 August 2002 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 50 FARMBANK ROAD?

50 FARMBANK ROAD is 118m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the largest 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 50 FARMBANK ROAD lies on this distribution: 59% of detached houses are smaller than 50 FARMBANK ROAD, and 40% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

50 FARMBANK ROAD: Plot and Title Map

50 FARMBANK ROAD sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 50 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 50 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 50 FARMBANK ROAD?

50 FARMBANK ROAD is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 50 on FARMBANK ROAD.