16, SHEERNESS WAY, REDCAR, TS10 2RQ - £290,000

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

16 SHEERNESS WAY is a midsized extended detached house of 111m², built sometime between 1996 and 2002. It was last sold for £290,000 in September 2023, which was around 19% above the average September 2023 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

16 SHEERNESS WAY Sold Prices

Land registry data shows three sales for 16 SHEERNESS 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 16 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
2023 7 SEP	£290,000	£244,374	19% above HPI
2010 19 NOV	£210,000	£185,401	13% above HPI
2002 29 NOV	£125,000	£105,565	18% above HPI

16 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 three 16 SHEERNESS WAY sales between November 2002 and September 2023 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 2010 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the September 2023 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 16 SHEERNESS WAY?

16 SHEERNESS WAY is 111m², which includes two extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 50% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 16 SHEERNESS WAY lies on this distribution: 57% of detached houses are smaller than 16 SHEERNESS WAY, and 42% of houses are larger. Note that EPC data is not available for all properties in Redcar.

16 SHEERNESS WAY: Plot and Title Map

16 SHEERNESS WAY sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 16 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 16 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 16 SHEERNESS WAY?

16 SHEERNESS WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 16 on SHEERNESS WAY.