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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 SHEERNESS WAY is a midsized detached house of 99m², built sometime between 1996 and 2002, which could now be worth an estimated £215,516. 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	£81,917	16% below HPI
1996 13 DEC	£72,995	£74,743	2% 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 2% below the HPI. So the extrapolation line tracks at 2% 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.

What might 2 SHEERNESS WAY be worth now?

2 SHEERNESS WAY might now be worth an estimated £215,516.

This is based on house price inflation of 212.3%, between April 2000 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 212.3% inflationary increase is applied to the most recent sale price for 2 SHEERNESS WAY of £69,000 on 20th April 2000. For the value to have increased from £69,000 to £215,516 over the 25 years and two months to February 2025, the following assumptions must hold true:

• The value of 2 SHEERNESS WAY has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The April 2000 sale price of £69,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SHEERNESS WAY has not materially changed since April 2000.

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 houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redcar, and where 2 SHEERNESS WAY lies on this distribution: 41% of detached houses houses are smaller than 2 SHEERNESS WAY, and 57% 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.