12, SCHOOL WAY, REDCAR, TS10 2PW - £165,000

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.

12 SCHOOL WAY is a very small semi-detached house of 84m², which could now be worth an estimated £209,395. It was last sold for £165,000 in September 2020, which was around 36% above the average September 2020 semi-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.

12 SCHOOL WAY Sold Prices

Land registry data shows two sales for 12 SCHOOL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 12 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
2020 4 SEP	£165,000	£121,695	36% above HPI
2017 31 MAR	£169,995	£109,290	56% above HPI

12 SCHOOL WAY 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 two 12 SCHOOL WAY sales from March 2017 and September 2020 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 March 2017 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the September 2020 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 12 SCHOOL WAY be worth now?

12 SCHOOL WAY might now be worth an estimated £209,395.

This is based on house price inflation of 26.9%, between September 2020 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 26.9% inflationary increase is applied to the most recent sale price for 12 SCHOOL WAY of £165,000 on 4th September 2020. For the value to have increased from £165,000 to £209,395 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 12 SCHOOL WAY has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The September 2020 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 12 SCHOOL WAY has not materially changed since September 2020.

How Large is 12 SCHOOL WAY?

12 SCHOOL WAY is 84m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% of semi-detached houses houses in Redcar, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redcar, and where 12 SCHOOL WAY lies on this distribution: 20% of semi-detached houses houses are smaller than 12 SCHOOL WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Redcar.

12 SCHOOL WAY: Plot and Title Map

12 SCHOOL WAY sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 12 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 12 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 12 SCHOOL WAY?

12 SCHOOL WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 12 on SCHOOL WAY.