9, SPRING GARDEN LANE, ORMESBY, MIDDLESBROUGH, TS7 9HS - £240,000

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.

9 SPRING GARDEN LANE is a very small detached house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £335,768. It was last sold for £240,000 in September 2011, which was around 31% above the average September 2011 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

9 SPRING GARDEN LANE Sold Prices

Land registry data shows four sales for 9 SPRING GARDEN LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the four 9 SPRING GARDEN LANE 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
2011 23 SEP	£240,000	£182,884	31% above HPI
2002 2 AUG	£127,500	£100,729	27% above HPI
1999 30 NOV	£86,000	£80,122	7% above HPI
1997 11 AUG	£85,000	£77,385	10% above HPI

9 SPRING GARDEN LANE 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 four 9 SPRING GARDEN LANE sales between August 1997 and September 2011 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 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the September 2011 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 9 SPRING GARDEN LANE be worth now?

9 SPRING GARDEN LANE might now be worth an estimated £335,768.

This is based on house price inflation of 39.9%, between September 2011 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 39.9% inflationary increase is applied to the most recent sale price for 9 SPRING GARDEN LANE of £240,000 on 23rd September 2011. For the value to have increased from £240,000 to £335,768 over the fourteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 9 SPRING GARDEN LANE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The September 2011 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SPRING GARDEN LANE has not materially changed since September 2011.

How Large is 9 SPRING GARDEN LANE?

9 SPRING GARDEN LANE is 88m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 20% 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 9 SPRING GARDEN LANE lies on this distribution: 19% of detached houses houses are smaller than 9 SPRING GARDEN LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

9 SPRING GARDEN LANE: Plot and Title Map

9 SPRING GARDEN LANE sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of 9 SPRING GARDEN LANE, 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 9 SPRING GARDEN LANE). 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 9 SPRING GARDEN LANE?

9 SPRING GARDEN LANE is located in ORMESBY, in the TS7 postcode district. The below map shows the position of No. 9 on SPRING GARDEN LANE.