2, SHEERNESS WAY, REDCAR, TS10 2RQ - £69,000

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 SHEERNESS WAY is a midsized detached house of 99m², built sometime between 1996 and 2002. It was last sold for £69,000 in April 2000, which was around 16% below the average April 2000 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was C.

2 SHEERNESS WAY Sold Prices

Land registry data shows two sales for 2 SHEERNESS 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 SHEERNESS 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
2000 20 APR	£69,000	£82,079	16% below HPI
1996 13 DEC	£72,995	£74,891	3% below HPI

2 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 two 2 SHEERNESS WAY sales from December 1996 and April 2000 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 December 1996 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the April 2000 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 2 SHEERNESS WAY?

2 SHEERNESS WAY is 99m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 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 2 SHEERNESS WAY lies on this distribution: 41% of detached houses are smaller than 2 SHEERNESS WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Redcar.

2 SHEERNESS WAY: Plot and Title Map

2 SHEERNESS WAY sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 2 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 2 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 2 SHEERNESS WAY?

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