24, RECTORY LANE, GUISBOROUGH, TS14 6QH - £112,500

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 RECTORY LANE is a very small detached house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £220,381. It was last sold for £112,500 in February 2004, which was around 16% below the average February 2004 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

24 RECTORY LANE Sold Prices

Land registry data shows three sales for 24 RECTORY LANE 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 RECTORY LANE 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
2004 6 FEB	£112,500	£134,584	16% below HPI
2002 31 MAY	£81,000	£89,380	9% below HPI
1995 1 NOV	£47,500	£73,355	35% below HPI

24 RECTORY 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 three 24 RECTORY LANE sales between November 1995 and February 2004 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 May 2002 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the February 2004 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 24 RECTORY LANE be worth now?

24 RECTORY LANE might now be worth an estimated £220,381.

This is based on house price inflation of 95.9%, between February 2004 and December 2024, 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 95.9% inflationary increase is applied to the most recent sale price for 24 RECTORY LANE of £112,500 on 6th February 2004. For the value to have increased from £112,500 to £220,381 over the nineteen years and two months to December 2024, the following assumptions must hold true:

• The value of 24 RECTORY LANE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The February 2004 sale price of £112,500 represented a fair market value for the property.
• The size, condition, and specification of 24 RECTORY LANE has not materially changed since February 2004.

How Large is 24 RECTORY LANE?

24 RECTORY LANE is 85m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 20% of detached houses houses in Guisborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Guisborough, and where 24 RECTORY LANE lies on this distribution: 12% of detached houses houses are smaller than 24 RECTORY LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in Guisborough.

24 RECTORY LANE: Plot and Title Map

24 RECTORY LANE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 24 RECTORY 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 24 RECTORY 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 24 RECTORY LANE?

24 RECTORY LANE is located in GUISBOROUGH, in the TS14 postcode district. The below map shows the position of No. 24 on RECTORY LANE.