121, TORCROSS WAY, REDCAR, TS10 2SH - £150,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

121 TORCROSS WAY is a very small detached house of 79m², built sometime between 1996 and 2002. It was last sold for £150,000 in August 2012, which was around 15% below the average August 2012 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

121 TORCROSS WAY Sold Prices

Land registry data shows three sales for 121 TORCROSS 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 121 TORCROSS 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
2012 24 AUG	£150,000	£176,094	15% below HPI
2003 29 AUG	£116,000	£119,717	3% below HPI
2000 26 MAY	£70,995	£82,575	14% below HPI

121 TORCROSS 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 121 TORCROSS WAY sales between May 2000 and August 2012 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 August 2003 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2012 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 121 TORCROSS WAY?

121 TORCROSS WAY is 79m² according to the EPC inspection conducted in May 2012. This puts it in the smallest 20% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 121 TORCROSS WAY lies on this distribution: 15% of detached houses are smaller than 121 TORCROSS WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Redcar.

121 TORCROSS WAY: Plot and Title Map

121 TORCROSS WAY sits on a plot of roughly 0.059 of an acre, or 241m². The below map shows the location of 121 TORCROSS 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 121 TORCROSS 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 121 TORCROSS WAY?

121 TORCROSS WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 121 on TORCROSS WAY.