16, REDWOOD WAY, BRIDLINGTON, YO16 7GY - £224,000

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 REDWOOD WAY is a small detached house of 72m², built sometime between 1991 and 1995. It was last sold for £224,000 in August 2021, which was around 23% below the average August 2021 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

16 REDWOOD WAY Sold Prices

Land registry data shows three sales for 16 REDWOOD 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 East Riding of Yorkshire local authority area for the corresponding sale date. All of the three 16 REDWOOD 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
2021 19 AUG	£224,000	£291,859	23% below HPI
2020 21 SEP	£182,500	£270,136	32% below HPI
1999 20 DEC	£72,000	£81,565	12% below HPI

16 REDWOOD WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The three 16 REDWOOD WAY sales between December 1999 and August 2021 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 September 2020 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2021 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 16 REDWOOD WAY?

16 REDWOOD WAY is 72m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% of detached houses in Bridlington, based on EPC data. The below chart shows the distribution of detached houses by size in Bridlington, and where 16 REDWOOD WAY lies on this distribution: 22% of detached houses are smaller than 16 REDWOOD WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Bridlington.

16 REDWOOD WAY: Plot and Title Map

16 REDWOOD WAY sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 16 REDWOOD 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 16 REDWOOD 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 16 REDWOOD WAY?

16 REDWOOD WAY is located in BRIDLINGTON, in the YO16 postcode district. The below map shows the position of No. 16 on REDWOOD WAY.