2, CASTLE ROAD, REDCAR, TS10 2NJ - £155,000

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

2 CASTLE ROAD is a very small extended detached house of 73m², built sometime between 1950 and 1966. It was last sold for £155,000 in May 2013, which was around 9% below the average May 2013 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

2 CASTLE ROAD Sold Prices

Land registry data shows two sales for 2 CASTLE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 2 CASTLE ROAD 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
2013 24 MAY	£155,000	£170,796	9% below HPI
2008 4 JUL	£162,000	£196,550	18% below HPI

2 CASTLE ROAD 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 two 2 CASTLE ROAD sales from July 2008 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 July 2008 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the May 2013 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 2 CASTLE ROAD?

2 CASTLE ROAD is 73m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the smallest 10% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 2 CASTLE ROAD lies on this distribution: 10% of detached houses are smaller than 2 CASTLE ROAD, and 90% of houses are larger. Note that EPC data is not available for all properties in Redcar.

2 CASTLE ROAD: Plot and Title Map

2 CASTLE ROAD sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 2 CASTLE ROAD, 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 2 CASTLE ROAD). 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 2 CASTLE ROAD?

2 CASTLE ROAD is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 2 on CASTLE ROAD.