14, PARK TERRACE, LOFTUS, SALTBURN-BY-THE-SEA, TS13 4HU - £112,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

14 PARK TERRACE is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £112,000 in June 2004, which was around 26% below the average June 2004 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

14 PARK TERRACE Sold Prices

Land registry data shows four sales for 14 PARK TERRACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the four 14 PARK TERRACE 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
2004 14 JUN	£112,000	£150,563	26% below HPI
2002 29 NOV	£72,500	£105,565	31% below HPI
2000 13 OCT	£54,000	£86,411	38% below HPI
1997 31 OCT	£52,000	£75,695	31% below HPI

14 PARK TERRACE 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 four 14 PARK TERRACE sales between October 1997 and June 2004 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 November 2002 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2004 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 14 PARK TERRACE?

14 PARK TERRACE is 70m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 20% of detached houses in Loftus, based on EPC data. The below chart shows the distribution of detached houses by size in Loftus, and where 14 PARK TERRACE lies on this distribution: 13% of detached houses are smaller than 14 PARK TERRACE, and 87% of houses are larger. Note that EPC data is not available for all properties in Loftus.

14 PARK TERRACE: Plot and Title Map

14 PARK TERRACE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 14 PARK TERRACE, 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 14 PARK TERRACE). 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 14 PARK TERRACE?

14 PARK TERRACE is located in LOFTUS, in the TS13 postcode district. The below map shows the position of No. 14 on PARK TERRACE.