12, SHEERNESS WAY, REDCAR, TS10 2RQ - £340,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 SHEERNESS WAY is a large extended detached house of 120m², built sometime between 1996 and 2002. It was last sold for £340,000 in July 2022, which was around 40% above the average July 2022 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was C.

12 SHEERNESS WAY Sold Prices

Land registry data shows two sales for 12 SHEERNESS 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 12 SHEERNESS 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
2022 13 JUL	£340,000	£242,078	40% above HPI
1997 26 JUN	£96,995	£75,133	29% above HPI

12 SHEERNESS 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 12 SHEERNESS WAY sales from June 1997 and July 2022 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 1997 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the July 2022 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 12 SHEERNESS WAY?

12 SHEERNESS WAY is 120m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 40% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 12 SHEERNESS WAY lies on this distribution: 69% of detached houses are smaller than 12 SHEERNESS WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Redcar.

12 SHEERNESS WAY: Plot and Title Map

12 SHEERNESS WAY sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 12 SHEERNESS 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 SHEERNESS 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 SHEERNESS WAY?

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