3, LOWESTOFT WAY, REDCAR, TS10 4GJ - £245,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 LOWESTOFT WAY is a large extended detached house of 119m², built sometime between 2007 and 2011. It was last sold for £245,000 in April 2024, which was around 3% below the average April 2024 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

3 LOWESTOFT WAY Sold Prices

Land registry data shows three sales for 3 LOWESTOFT WAY 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. One of the three 3 LOWESTOFT WAY sales was for below the average price, whilst two 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
2024 29 APR	£245,000	£252,357	3% below HPI
2014 18 JUL	£183,500	£179,839	2% above HPI
2011 21 JAN	£190,000	£178,674	6% above HPI

3 LOWESTOFT 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 three 3 LOWESTOFT WAY sales between January 2011 and April 2024 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 July 2014 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2024 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 3 LOWESTOFT WAY?

3 LOWESTOFT WAY is 119m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the largest 40% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 3 LOWESTOFT WAY lies on this distribution: 67% of detached houses are smaller than 3 LOWESTOFT WAY, and 32% of houses are larger. Note that EPC data is not available for all properties in Redcar.

3 LOWESTOFT WAY: Plot and Title Map

3 LOWESTOFT WAY sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 3 LOWESTOFT 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 3 LOWESTOFT 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 3 LOWESTOFT WAY?

3 LOWESTOFT WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 3 on LOWESTOFT WAY.