1, CHANCEL WAY, MIDDLESBROUGH, TS6 9EA - £120,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 CHANCEL WAY is a very small detached house of 61m², built sometime between 1967 and 1975, which could now be worth an estimated £129,025. It was last sold for £120,000 in July 2023, which was around 51% below the average July 2023 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

1 CHANCEL WAY Sold Prices

Land registry data shows three sales for 1 CHANCEL WAY 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 1 CHANCEL WAY sales were for 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
2023 14 JUL	£120,000	£245,200	51% below HPI
2022 28 OCT	£145,000	£248,291	42% below HPI
2011 30 DEC	£120,000	£180,985	34% below HPI

1 CHANCEL WAY 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 1 CHANCEL WAY sales between December 2011 and July 2023 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 October 2022 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the July 2023 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 1 CHANCEL WAY be worth now?

1 CHANCEL WAY might now be worth an estimated £129,025.

This is based on house price inflation of 7.5%, between July 2023 and December 2024, 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 7.5% inflationary increase is applied to the most recent sale price for 1 CHANCEL WAY of £120,000 on 14th July 2023. For the value to have increased from £120,000 to £129,025 over the seven months to December 2024, the following assumptions must hold true:

• The value of 1 CHANCEL WAY has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The July 2023 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHANCEL WAY has not materially changed since July 2023.

How Large is 1 CHANCEL WAY?

1 CHANCEL WAY is 61m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% of detached houses houses in Eston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Eston, and where 1 CHANCEL WAY lies on this distribution: 5% of detached houses houses are smaller than 1 CHANCEL WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Eston.

1 CHANCEL WAY: Plot and Title Map

1 CHANCEL WAY sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 1 CHANCEL WAY, 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 1 CHANCEL WAY). 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 1 CHANCEL WAY?

1 CHANCEL WAY is located in MIDDLESBROUGH, in the TS6 postcode district. The below map shows the position of No. 1 on CHANCEL WAY.