8, FARMBANK ROAD, ORMESBY, MIDDLESBROUGH, TS7 9EG - £164,000

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.

8 FARMBANK ROAD is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £254,803. It was last sold for £164,000 in September 2004, which was about the average September 2004 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was May 2011, where the current energy rating was E, and the potential energy rating was E.

8 FARMBANK ROAD Sold Prices

Land registry data shows three sales for 8 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. The three 8 FARMBANK ROAD sales were a mix of roughly equal to the average price, and 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
2004 14 SEP	£164,000	£164,681	Close to HPI
2002 25 JAN	£66,500	£90,906	27% below HPI
2000 11 OCT	£65,000	£86,240	25% below HPI

8 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 8 FARMBANK ROAD sales between October 2000 and September 2004 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 January 2002 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2004 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 8 FARMBANK ROAD be worth now?

8 FARMBANK ROAD might now be worth an estimated £254,803.

This is based on house price inflation of 55.4%, between September 2004 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 55.4% inflationary increase is applied to the most recent sale price for 8 FARMBANK ROAD of £164,000 on 14th September 2004. For the value to have increased from £164,000 to £254,803 over the 21 years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 FARMBANK ROAD has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The September 2004 sale price of £164,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FARMBANK ROAD has not materially changed since September 2004.

How Large is 8 FARMBANK ROAD?

8 FARMBANK ROAD is 70m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% 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 8 FARMBANK ROAD lies on this distribution: 5% of detached houses houses are smaller than 8 FARMBANK ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

8 FARMBANK ROAD: Plot and Title Map

8 FARMBANK ROAD sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 8 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 8 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 8 FARMBANK ROAD?

8 FARMBANK ROAD is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 8 on FARMBANK ROAD.