8, MEDBOURNE CLOSE, MIDDLESBROUGH, TS6 9QF - £116,500

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 MEDBOURNE CLOSE is a very small semi-detached house of 74m², built sometime between 1991 and 1995, which could now be worth an estimated £167,335. It was last sold for £116,500 in February 2013, which was around 8% above the average February 2013 semi-detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

8 MEDBOURNE CLOSE Sold Prices

Land registry data shows three sales for 8 MEDBOURNE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the three 8 MEDBOURNE CLOSE 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
2013 8 FEB	£116,500	£107,521	8% above HPI
2008 6 MAY	£147,500	£119,623	23% above HPI
2001 2 NOV	£58,000	£49,085	18% above HPI

8 MEDBOURNE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The three 8 MEDBOURNE CLOSE sales between November 2001 and February 2013 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 May 2008 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the February 2013 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 8 MEDBOURNE CLOSE be worth now?

8 MEDBOURNE CLOSE might now be worth an estimated £167,335.

This is based on house price inflation of 43.6%, between February 2013 and February 2025, for semi-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 43.6% inflationary increase is applied to the most recent sale price for 8 MEDBOURNE CLOSE of £116,500 on 8th February 2013. For the value to have increased from £116,500 to £167,335 over the twelve years to February 2025, the following assumptions must hold true:

• The value of 8 MEDBOURNE CLOSE has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The February 2013 sale price of £116,500 represented a fair market value for the property.
• The size, condition, and specification of 8 MEDBOURNE CLOSE has not materially changed since February 2013.

How Large is 8 MEDBOURNE CLOSE?

8 MEDBOURNE CLOSE is 74m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 20% of semi-detached houses houses in Eston, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Eston, and where 8 MEDBOURNE CLOSE lies on this distribution: 13% of semi-detached houses houses are smaller than 8 MEDBOURNE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Eston.

8 MEDBOURNE CLOSE: Plot and Title Map

8 MEDBOURNE CLOSE sits on a plot of roughly 0.043 of an acre, or 173m². The below map shows the location of 8 MEDBOURNE CLOSE, 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 MEDBOURNE CLOSE). 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 MEDBOURNE CLOSE?

8 MEDBOURNE CLOSE is located in MIDDLESBROUGH, in the TS6 postcode district. The below map shows the position of No. 8 on MEDBOURNE CLOSE.