2, MARTINDALE WAY, REDCAR, TS10 4NL - £148,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 MARTINDALE WAY is a midsized extended detached house of 100m², built sometime between 1976 and 1982, which could now be worth an estimated £194,839. It was last sold for £148,000 in March 2007, which was around 24% below the average March 2007 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

2 MARTINDALE WAY Sold Prices

Land registry data shows two sales for 2 MARTINDALE WAY 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 MARTINDALE 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
2007 23 MAR	£148,000	£194,352	24% below HPI
1997 27 JUN	£46,000	£74,984	39% below HPI

2 MARTINDALE 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 two 2 MARTINDALE WAY sales from June 1997 and March 2007 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 June 1997 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2007 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 2 MARTINDALE WAY be worth now?

2 MARTINDALE WAY might now be worth an estimated £194,839.

This is based on house price inflation of 31.6%, between March 2007 and February 2025, for detached houses, in the Redcar and Cleveland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.6% inflationary increase is applied to the most recent sale price for 2 MARTINDALE WAY of £148,000 on 23rd March 2007. For the value to have increased from £148,000 to £194,839 over the eighteen years and one month to February 2025, the following assumptions must hold true:

• The value of 2 MARTINDALE WAY has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The March 2007 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MARTINDALE WAY has not materially changed since March 2007.

How Large is 2 MARTINDALE WAY?

2 MARTINDALE WAY is 100m², which includes three extensions, according to the EPC inspection conducted in January 2014. This puts it in the smallest 50% of detached houses houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redcar, and where 2 MARTINDALE WAY lies on this distribution: 43% of detached houses houses are smaller than 2 MARTINDALE WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Redcar.

2 MARTINDALE WAY: Plot and Title Map

2 MARTINDALE WAY sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 2 MARTINDALE 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 2 MARTINDALE 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 2 MARTINDALE WAY?

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