1, SCHOOL WAY, REDCAR, TS10 2PW - £287,500

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 SCHOOL WAY is a large detached house of 130m², which could now be worth an estimated £344,560. It was last sold for £287,500 in February 2021, which was around 35% above the average February 2021 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was July 2017, where the current energy rating was B, and the potential energy rating was A.

1 SCHOOL WAY Sold Prices

Land registry data shows two sales for 1 SCHOOL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 1 SCHOOL WAY 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
2021 15 FEB	£287,500	£213,490	35% above HPI
2017 26 JUN	£266,495	£189,738	40% above HPI

1 SCHOOL 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 two 1 SCHOOL WAY sales from June 2017 and February 2021 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 June 2017 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the February 2021 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 1 SCHOOL WAY be worth now?

1 SCHOOL WAY might now be worth an estimated £344,560.

This is based on house price inflation of 19.8%, between February 2021 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 19.8% inflationary increase is applied to the most recent sale price for 1 SCHOOL WAY of £287,500 on 15th February 2021. For the value to have increased from £287,500 to £344,560 over the four years to February 2025, the following assumptions must hold true:

• The value of 1 SCHOOL WAY has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The February 2021 sale price of £287,500 represented a fair market value for the property.
• The size, condition, and specification of 1 SCHOOL WAY has not materially changed since February 2021.

How Large is 1 SCHOOL WAY?

1 SCHOOL WAY is 130m² according to the EPC inspection conducted in July 2017. This puts it in the largest 30% of detached houses houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redcar, and where 1 SCHOOL WAY lies on this distribution: 79% of detached houses houses are smaller than 1 SCHOOL WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Redcar.

1 SCHOOL WAY: Plot and Title Map

1 SCHOOL WAY sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 1 SCHOOL 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 SCHOOL 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 SCHOOL WAY?

1 SCHOOL WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 1 on SCHOOL WAY.