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

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

3 LOWESTOFT WAY is a large extended detached house of 119m², built sometime between 2007 and 2011, which could now be worth an estimated £255,979. It was last sold for £245,000 in April 2024, which was about 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. The three 3 LOWESTOFT WAY sales were a mix of roughly equal to the average price, and 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	£244,887	Close to HPI
2014 18 JUL	£183,500	£179,484	2% above HPI
2011 21 JAN	£190,000	£178,321	7% 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 roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 3 LOWESTOFT WAY be worth now?

3 LOWESTOFT WAY might now be worth an estimated £255,979.

This is based on house price inflation of 4.5%, between April 2024 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 4.5% inflationary increase is applied to the most recent sale price for 3 LOWESTOFT WAY of £245,000 on 29th April 2024. For the value to have increased from £245,000 to £255,979 over the one year and two months to February 2025, the following assumptions must hold true:

• The value of 3 LOWESTOFT WAY has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The April 2024 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LOWESTOFT WAY has not materially changed since April 2024.

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 houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redcar, and where 3 LOWESTOFT WAY lies on this distribution: 67% of detached houses 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.