16, LAX TERRACE, WOLVISTON, BILLINGHAM, TS22 5LE - £470,000

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

16 LAX TERRACE is a very large extended detached house of 229m², built sometime between 1967 and 1975. It was last sold for £470,000 in May 2013, which was around 140% above the average May 2013 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

16 LAX TERRACE Sold Prices

Land registry data shows two sales for 16 LAX TERRACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stockton-on-Tees local authority area for the corresponding sale date. Both of the two 16 LAX TERRACE 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
2013 31 MAY	£470,000	£195,446	140% above HPI
2003 12 DEC	£215,000	£140,748	53% above HPI

16 LAX TERRACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The two 16 LAX TERRACE sales from December 2003 and May 2013 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 December 2003 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the May 2013 sale, where it rises to 140% above the HPI. The line then continues to track at 140% above the HPI.

How Large is 16 LAX TERRACE?

16 LAX TERRACE is 229m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 20% of detached houses in Wolviston, based on EPC data. The below chart shows the distribution of detached houses by size in Wolviston, and where 16 LAX TERRACE lies on this distribution: 81% of detached houses are smaller than 16 LAX TERRACE, and 18% of houses are larger. Note that EPC data is not available for all properties in Wolviston.

16 LAX TERRACE: Plot and Title Map

16 LAX TERRACE sits on a plot of roughly 0.189 of an acre, or 764m². The below map shows the location of 16 LAX 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 16 LAX 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 16 LAX TERRACE?

16 LAX TERRACE is located in WOLVISTON, in the TS22 postcode district. The below map shows the position of No. 16 on LAX TERRACE.