50, ORMESBY BANK, ORMESBY, MIDDLESBROUGH, TS7 9EB - £278,000

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 ORMESBY BANK is a large extended detached house of 138m², built sometime between 1950 and 1966. It was last sold for £278,000 in December 2015, which was around 52% above the average December 2015 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was August 2011, where the current energy rating was E, and the potential energy rating was D.

50 ORMESBY BANK Sold Prices

Land registry data shows three sales for 50 ORMESBY BANK 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 50 ORMESBY BANK sales were for above 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
2015 23 DEC	£278,000	£182,363	52% above HPI
2014 15 APR	£273,800	£188,682	45% above HPI
2006 23 JUN	£232,500	£180,430	29% above HPI

50 ORMESBY BANK 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 50 ORMESBY BANK sales between June 2006 and December 2015 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 2014 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the December 2015 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

How Large is 50 ORMESBY BANK?

50 ORMESBY BANK is 138m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the largest 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 50 ORMESBY BANK lies on this distribution: 78% of detached houses are smaller than 50 ORMESBY BANK, and 22% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

50 ORMESBY BANK: Plot and Title Map

50 ORMESBY BANK sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of 50 ORMESBY BANK, 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 ORMESBY BANK). 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 ORMESBY BANK?

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