24, PENNINE CRESCENT, REDCAR, TS10 4AE - £175,000

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

24 PENNINE CRESCENT is a very small detached house of 81m², built sometime between 1930 and 1949. It was last sold for £175,000 in October 2022, which was around 30% below the average October 2022 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

24 PENNINE CRESCENT Sold Prices

Land registry data shows three sales for 24 PENNINE CRESCENT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the three 24 PENNINE CRESCENT 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
2022 14 OCT	£175,000	£248,783	30% below HPI
2002 15 JAN	£62,000	£91,086	32% below HPI
2000 2 OCT	£57,000	£86,411	34% below HPI

24 PENNINE CRESCENT 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 three 24 PENNINE CRESCENT sales between October 2000 and October 2022 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 January 2002 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 24 PENNINE CRESCENT?

24 PENNINE CRESCENT is 81m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 20% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 24 PENNINE CRESCENT lies on this distribution: 17% of detached houses are smaller than 24 PENNINE CRESCENT, and 81% of houses are larger. Note that EPC data is not available for all properties in Redcar.

24 PENNINE CRESCENT: Plot and Title Map

24 PENNINE CRESCENT sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 24 PENNINE CRESCENT, 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 PENNINE CRESCENT). 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 PENNINE CRESCENT?

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