24, CORMORANT DRIVE, REDCAR, TS10 2QD - £259,950

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

24 CORMORANT DRIVE is a midsized extended semi-detached house of 112m², built sometime between 1983 and 1990, which could now be worth an estimated £270,897. It was last sold for £259,950 in February 2023, which was around 75% above the average February 2023 semi-detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

24 CORMORANT DRIVE Sold Prices

Land registry data shows two sales for 24 CORMORANT DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 24 CORMORANT DRIVE sales were 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
2023 16 FEB	£259,950	£148,197	75% above HPI
1995 11 DEC	£74,000	£42,446	74% above HPI

24 CORMORANT DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The two 24 CORMORANT DRIVE sales from December 1995 and February 2023 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 1995 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the February 2023 sale, where it rises to 75% above the HPI. The line then continues to track at 75% above the HPI.

What might 24 CORMORANT DRIVE be worth now?

24 CORMORANT DRIVE might now be worth an estimated £270,897.

This is based on house price inflation of 4.2%, between February 2023 and February 2025, for semi-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 4.2% inflationary increase is applied to the most recent sale price for 24 CORMORANT DRIVE of £259,950 on 16th February 2023. For the value to have increased from £259,950 to £270,897 over the two years to February 2025, the following assumptions must hold true:

• The value of 24 CORMORANT DRIVE has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The February 2023 sale price of £259,950 represented a fair market value for the property.
• The size, condition, and specification of 24 CORMORANT DRIVE has not materially changed since February 2023.

How Large is 24 CORMORANT DRIVE?

24 CORMORANT DRIVE is 112m², which includes three extensions, according to the EPC inspection conducted in November 2022. This puts it in the largest 50% of semi-detached houses houses in Redcar, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redcar, and where 24 CORMORANT DRIVE lies on this distribution: 58% of semi-detached houses houses are smaller than 24 CORMORANT DRIVE, and 41% of houses are larger. Note that EPC data is not available for all properties in Redcar.

24 CORMORANT DRIVE: Plot and Title Map

24 CORMORANT DRIVE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 24 CORMORANT DRIVE, 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 24 CORMORANT DRIVE). 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 24 CORMORANT DRIVE?

24 CORMORANT DRIVE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 24 on CORMORANT DRIVE.