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House Prices in TS2

The average house price in TS2 (Middlesbrough) is £45,250 using HM Land Registry data.

The average property price increased by £13,276 (-6.16%) over the last 5 years and increased by £2,654 (-1.19%) over the last 12 months.

Over the last year, there were 5 residential property sales – a decrease of 0 transactions (0.00%) relative to the previous year. The majority of house sales (2) were in the £42,000 - £48,000 range. Then came properties in the £36,000 - £42,000 range, where 1 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £0 (0%).

In June 2024, there were 2 new estate agency instructions, 3 agreed home sales and 1 property price reductions.

5-Year Average Property Prices in TS2 (Middlesbrough)

-6.16%

Property prices in Middlesbrough decreased by -6.16% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in TS2 (Middlesbrough) Over the Last Year

-1.19%

Property prices in Middlesbrough decreased by -1.19% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for TS2 (Middlesbrough) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in TS2 (Middlesbrough)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in TS2 (Middlesbrough)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in TS2 (Middlesbrough)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the TS2 (Middlesbrough) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TS2 postcode area since 1995.

Recent Sales in TS2 (Middlesbrough)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
17 Meadowdale Close, Middlesbrough, Stockton-on-tees, TS2 1TJ	£55,000	£53,000	-£2,000	27 Jun 2023	16 Oct 2023	111 Days
2 Victoria Terrace, Middlesbrough, Stockton-on-tees, TS2 1SR	£75,000	£72,000	-£3,000	08 Jul 2021	16 Dec 2021	161 Days
14 Meadowdale Close, Middlesbrough, Stockton-on-tees, TS2 1TJ	£35,000	£33,000	-£2,000	18 Aug 2017	16 Mar 2018	210 Days

Most Expensive Streets in TS2 (Middlesbrough)

Postcode	Street	Area	Average	No. of Sales
TS2 1TJ	Meadowdale Close	Middlesbrough	£47,000	3
TS2 1TJ	Meadowdale Close	Middlesbrough	£47,000	3
TS2 1SL	Limetrees Close	Middlesbrough	£42,250	5
TS2 1SL	Limetrees Close	Middlesbrough	£42,250	5
TS2 1TL	Saltholme Close	Middlesbrough	£40,166	3
TS2 1TL	Saltholme Close	Middlesbrough	£40,166	3

Least Expensive Streets in TS2 (Middlesbrough)

Postcode	Street	Area	Average	No. of Sales
TS2 1TL	Saltholme Close	Middlesbrough	£40,166	3
TS2 1TL	Saltholme Close	Middlesbrough	£40,166	3
TS2 1SL	Limetrees Close	Middlesbrough	£42,250	5
TS2 1SL	Limetrees Close	Middlesbrough	£42,250	5
TS2 1TJ	Meadowdale Close	Middlesbrough	£47,000	3
TS2 1TJ	Meadowdale Close	Middlesbrough	£47,000	3