2, PARK LANE, EASINGTON, SALTBURN-BY-THE-SEA, TS13 4NU - £150,000

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 PARK LANE is a large detached house of 118m², built sometime between 1950 and 1966. It was last sold for £150,000 in May 2024, which was around 40% below the average May 2024 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

2 PARK LANE Sold Prices

Land registry data shows two sales for 2 PARK LANE 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. One of the two 2 PARK LANE sales was for below the average price, whilst the other was 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
2024 21 MAY	£150,000	£251,221	40% below HPI
2020 4 SEP	£235,000	£202,928	16% above HPI

2 PARK LANE 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 PARK LANE sales from September 2020 and May 2024 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 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the May 2024 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 2 PARK LANE?

2 PARK LANE is 118m² according to the EPC inspection conducted in July 2020. This puts it in the largest 40% of detached houses in Easington, based on EPC data. The below chart shows the distribution of detached houses by size in Easington, and where 2 PARK LANE lies on this distribution: 70% of detached houses are smaller than 2 PARK LANE, and 30% of houses are larger. Note that EPC data is not available for all properties in Easington.

2 PARK LANE: Plot and Title Map

2 PARK LANE sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of 2 PARK LANE, 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 PARK LANE). 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 PARK LANE?

2 PARK LANE is located in EASINGTON, in the TS13 postcode district. The below map shows the position of No. 2 on PARK LANE.